Tangible asset
Tangible assets are physical assets that can be seen and touched. These assets have a physical form and are used by companies to generate revenue. Tangible assets include items such as machinery, equipment, buildings, and land.
Examples of tangible assets include:
- Machinery – such as production equipment used in manufacturing processes.
- Buildings – such as office buildings or warehouses used for business operations.
- Vehicles – such as trucks or cars used for transportation.
- Land – such as real estate properties owned by a company.
Tangible assets are an important part of a company’s balance sheet and are used to calculate its net worth. These assets can be depreciated over time, meaning their value decreases as they are used or as they age.
It is important for companies to properly manage their tangible assets to ensure they are used efficiently and effectively in generating revenue.
For more information, you can visit Tangible asset – Wikipedia.