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Definition: a Tangible Asset is an asset type that can be seen and has 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 (accounts receivable). |
More on accounting and auditing: Accounting Cycle, Accounts Payable, Accounts Receivable, Accrued Revenue, Amortization, more... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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