Posted in Finance, Accounting and Economics Terms, Total Reads: 627
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.