(Tangible Assets).
Name any five items of Tangible Assets.
Answers
Answer:
SORRY SORRY SORRY SORRY SORRY
Explanation:
Dear Parents
Greetings!
Tomorrow on 13 Nov ,there will be celebration for *CHILDREN'S DAY* where students will be having fun game activities in their classes along with class party.
Students will be decorating the classrooms on this occasion for which they can bring the material along with them.
Since it's a FUN DAY for children their will be NO STUDIES.
Students can come in house T shirts along with decent jeans.
Timings for the students will be same 8.00 am to 1.30 pm.
Regards
GPS
Answer:
Tangible assets include land, cash, equipment, vehicles, inventory, and other property your business owns
Explanation:
Tangible assets are physical items of value that you can see and feel. Tangible assets include land, cash, equipment, vehicles, inventory, and other property your business owns.
Classifying your tangible assets is important for your records. You might have two types of tangible assets.
Current assets
Fixed assets
Current assets are liquid assets you can easily convert into cash within one year of purchasing them. Examples include inventory, cash and cash equivalents, accounts receivable, and other liquid assets.
These assets are more liquid than fixed assets. However, you generally can’t depreciate current assets.
Fixed assets are long-term assets that cannot be easily converted into cash within one year. Examples of fixed assets in business include buildings, machinery, and equipment.
Although fixed assets are not liquid, you can typically depreciate their value in your books to lower your tax liability.
Tangible assets aren’t the only valuable property your business has. You can also have intangible assets, which are items of value you can’t physically touch, like patents, trademarks, copyrights, and licenses. Tangible assets are the opposite of intangible assets.