Question

Machinery, work plants, equipments, new technology, building are the example of

Answer 1

Answer

Generally they are called Tangible Assets. Tangible Assets are those which can be touch and feel. This are the key components of modern production plant.

Answer 2

Machinery, Work Plants, Equipments, Building are the example of Tangible Asset.

• Tangible Asset are physical asset,  these can be transferred to monetary value when required.

• Business net worth and working is mainly based on its assets.

• Assets are of two types - Tangible Asset and Intangible Asset.

• Tangible Asset are Plant and Machinery, Equipments, they are the main form of assets for most type of industries.

• Tangible Assets are shown in the balance sheet.

• Intangible asset does not exist physically then also they have monetary value .

• Intangible assets include patent, goodwill etc.