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| Examples of Tangible Assets |
Meaning:
The word tangible means touchable - it means that tangible things can be
perceived by the sense of touch. However, today, in the financial or accounting
parlance the term is used to cover all the assets that can be easily quantifiable
and readily convertible into cash or other similar assets or touchable assets.
Tangible assets includes virtually all kind of assets that can actually be
touched as well some that may not actually be touched – say customer
receivables or balance lying with banks but exclude items like brand, business goodwill, etc.
Examples:
- Land
- Buildings and other civil works
- Plant and machinery
- Motor vehicles, ships and aircraft
- Inventory
- Customer receivables
- Cash and bank balances
- Loans, advances and deposits
Exclusions:
- Brand or brand value
- Goodwill
- Other such assets
