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
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.
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
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.