What are Tangible Assets?
Tangible Assets can be described as assets that can be touched, seen, and felt. Tangible Assets have a physical appearance and need space. Assets like buildings, plants, furniture, cash, and inventory comprise tangible assets. Tangible Assets are of two types, Current Assets and Non-Current Assets. Current Assets are assets that are very liquid and can be converted into cash within 12 months. For example, Cash, Marketable Securities, Inventory, etc. However, Non-current Assets are assets that are not liquid and can be converted into cash during a longer period of time. For example, Buildings, Plants, Machinery, etc.
Table of Content
- Types of Tangible Assets
- Features of Tangible Assets
- How to value Tangible Assets?
- How Tangible Assets are shown in the Balance Sheet?