Tangible assets are physical and quantifiable resources that are utilized in an organization's activities. Resources like property, plant and equipment are substantial resources.They include Vehicles,Furniture,Stock etc. Intangible assets are ordinarily nonphysical resources utilized over the long haul. Immaterial resources are regularly scholarly resources and subsequently it's hard to relegate an incentive to them in light of the vulnerability of things to come benefits. They are licensed innovation that include,Licenses,Trademarks and Copyrights.
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Tangible assets can be explained as a physical and measurable assets that are used in a company's operations. Assets like property, plant, and equipment, are regarded as tangible assets. These assets can include:
Intangible assets can be explained typically as non-physical assets used over the long-term. Intangible assets are often referred to as intellectual assets, and as a result, it's difficult to assign a value to them because of the uncertainty of the future benefits.
Intangible assets are intellectual property that include:
TANGIBLE ASSETS are assets that are owned by a company and it is available physically and it can be measured. This assets forms the main backbone of operations of the company and they are very important assets, some examples of the tangible assets includes equipment, land, vehicles, furniture, inventory etc. Two types of tangible assets exists and they are current assets which includes cashes, bonds etc. while the other type is the fixed or the non Current asset which are assets that the company uses for it's operations e.g land, machineries etc.
INTANGIBLE ASSETS are assets which are owned by a company but they are non physical assets. The intangible assets cannot be assigned a value easily. Examples of the intangible assets includes copyrights, franchise, patents, trademark etc.