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).
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More on accounting and auditing: Accounting Cycle, Accounts Payable, Accounts Receivable, Accrued Revenue, Amortization, more...
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