Tangible assets are those assets which can be touched. The main features of tangible assets are: It can be touched because it has a physical...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
Definition:Tangible assets are physical, measurable resources; like property, plant, and equipment, used in a company’s operations to produce a profit. These assets include anything with a physical nature that is used within a company. What Does Tangible Assets Mean? Contents[show] What is the...
2. What is an Intangible Asset?An asset that is not physical in nature Assets that have no tangible existence Assets of a company that are expected to be sold or used An asset that can easily be converted into cashAnswer: A) An asset that is not physical in nature...
In an attempt to deal with this common disparity in the evaluation of various tangible and intangible assets, some accountants have come up with a few methods. One of the more common approaches is to use a baseline number and determine how much of the company's current profit is coming from...
Often the market value of a company’s intangible assets is far greater than the market value of the company’s tangible assets such as its buildings and equipment. (Think logos, trademarks, and brand names of Coca-Cola, Nike, Apple, etc.) Related Questions What is a noncurrent asset?
What is a liability? A liability is a financial obligation or debt that one owes. 6 What's the difference between tangible and intangible assets? Tangible assets are physical (like machinery), while intangible assets lack physical presence (like trademarks). 6 Can a liability be a positive asp...
Usually, you can find the value of tangible assets as a definite number. You add up the value of each tangible item for a total value. But, the value of your tangible assets does not reflect your business’s total worth. Finding the value of your intangible assets is more difficult than...
What are the main characteristics of intangible assets? Explain what an intangible asset is. How to distinguish between tangible assets and intangible assets? Define the term intangible asset. What is an intangible asset? Compare and contrast intangible assets to plant assets. ...
A tangible asset is an asset that has a finite monetary value and usually a physical form. Tangible assets can typically always be transacted for some monetary value though the liquidity of different markets will vary. Tangible assets are the opposite of intangible assets which have a theorized v...
usually as property, plant, or equipment. They include assets such as trucks, machinery, office furniture, buildings, etc. The money that a company generates using tangible assets is recorded on theincome statementas revenue. Fixed assets