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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what is tangible Asset?
 Question Submitted By :: Sudhakar
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is tangible Asset?
Answer
# 1
we can see  and touch the assets
 
Is This Answer Correct ?    19 Yes 3 No
Kishore
 
  Re: what is tangible Asset?
Answer
# 2
Tangable asset are fixed asset which have no physical 
existence, but they give some yield to the business is 
called tangable asset. 
    EX:Goodwill, patient rights
 
Is This Answer Correct ?    10 Yes 29 No
Rajesh
 
 
 
  Re: what is tangible Asset?
Answer
# 3
Rajesh,

 The definition which you ve said is right, but goodwill
is not a tangible asset, it is a intangible asset.

Tangible assets are land and buildings are the examples of 
tangible assets, which can be see and touch.
 
Is This Answer Correct ?    10 Yes 2 No
Ravishankar
 
  Re: what is tangible Asset?
Answer
# 4
Thanks Ravishankar
 
Is This Answer Correct ?    4 Yes 2 No
Rajesh
 
  Re: what is tangible Asset?
Answer
# 5
it is one type of asset. this asset can touch, feel and 
physical existance can visable. ex: plant and machinery, 
land, building, furniture etc.,
 
Is This Answer Correct ?    5 Yes 4 No
Basavaraju
 
  Re: what is tangible Asset?
Answer
# 6
fixed asset classified in to two types tangible assets and 
intangible assets.
tangible asset which has physical existance that means we 
can see and touch.ex; MACHINERY
intangible asset which assets has no physical existance. 
that means we cannot see and touch ex: goodwill
 
Is This Answer Correct ?    3 Yes 2 No
Subhash Bandi Ku 9848741648
 
  Re: what is tangible Asset?
Answer
# 7
Tangible assets is that which we can touch, Like Building, 
Plant & Machinary, Furniture others
 
Is This Answer Correct ?    5 Yes 0 No
Umesh Tayal
 
  Re: what is tangible Asset?
Answer
# 8
Tangible assets can be seen,touch and felt
 
Is This Answer Correct ?    2 Yes 1 No
Satyaki_raju@yahoo.com
[Taxtime]
 
  Re: what is tangible Asset?
Answer
# 9
Tangible assets can be defined as those assets that have a
physical form such as buildings, machinery and land.
Tangible assets would also include cash, accounts
receivable, property, inventory, plant and equipment of the
firm. Tangible assets are accounted after deducting
depreciation. Tangible assets are those whose value is
dependent on particular physical characteristics. Tangible
assets are also known as real assets.

Tangible assets are different from intangible assets which
would include copyright, trademarks and goodwill of a firm.
It is also different from natural resources such as
timberland, coal deposits and oil reserves.
 
Is This Answer Correct ?    0 Yes 0 No
Manish
 

 
 
 
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