Tangible Asset
February 04, 2014 | | Kris Tabetando | 0 Comment
A tangible asset is a physical asset such as a building, inventory, or piece of machinery. In accounting, certain tangible assets like equipment are expensed using depreciation which measures how much they are used up each year.
An intangible asset is a non-physical asset such as goodwill, patents, and copyrights.