Tangible Assets

Posted in Finance, Accounting and Economics Terms, Total Reads: 647
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Definition: Tangible Assets

Tangible assets are those which exist in a physical form. They act as the resource of a company which can be pledged against any kind of loans. These can be fixed assets like land, property or plant and current assets like inventory. Moreover, a percentage of the cost is also set aside as the depreciation for that particular asset. In a way, the assets are classified as tangible and intangible assets.

Intangible assets include patents, trademarks, goodwill etc. For example, the building of a manufacturing plant can be considered as a fixed asset which is a tangible asset.



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