Tangible Assets

Knowledge Center

Definition Tangible Assets? Meaning.

Tangible Assets are those assets that can be seen and have a physical existence. Typical examples of tangible assets are:

• Machinery
• Equipment, tools
• IT hardware
• Inventory (stock)
• Vehicles
• Cars
• Ships
• Airplanes
• Houses
• Offices
• Plants
• Land
• Buildings
• Money
• Payments owed to you

The opposite of a tangible asset is an intangible asset. Common examples of intangible assets include brands, reputation, copyrights, patents, trademarks, trade secrets, know-how, goodwill.

Accounting Treatment of Tangible Assets

• In accounting, this type of assets should be depreciated if it has an anticipated useful life of more than one year. A process of depreciation is used to allocate part of the asset's expense to each year of its useful life, instead of allocating the entire expense to the year in which the asset is purchased.
• Note that in accounting, accounts receivable are also considered tangible, although they are not physical.

Discuss Forum about Tangible Assets. Start a new topic Share your knowledge or ask a question   🔥 NEW Quotes on Tangible Assets. Quotations Hi, do you know of a remarkable, humorous quote by a famous person or a proverb related to tangible assets? Please en... 2

Information Sources Various sources of information regarding Tangible Assets. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.

Research Links Automatically jump to further useful sources regarding Tangible Assets. News Videos Presentations Books Academic More

Compare with: Intangible Assets  |  Depreciation

Return to Management Hub: Decision-making & Valuation  |  Finance & Investing

More on Management  |  Return to Management Dictionary

This ends our Tangible Assets summary and forum.