What are Tangible and intangible assets ??
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What are Tangible and intangible assets ??
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tangible assets are physical in nature that can be short term or long term assets.
Intangible assets are the long term assets that are not physical but rather intellectual property .
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Answer :
Tangible Assets
》In Accounts Tangible assets are those assets which can be seen and touched. In simple words they have a physical existence.
Examples
● Land
● Building
● Machinery
● Computer
Intangible Assets
》Intangible assets are those assets which can't be seen and can't be touched. In simple words they have no physical existence.
Examples
● Goodwill
● Patents
● Copyright
● Trademark