Question

What are Tangible and intangible assets ??

Answer 1

tangible assets are physical in nature that can be short term or long term assets.

Intangible assets are the long term assets that are not physical but rather intellectual property .

Hope helps you

Answer 2

Answer :

Tangible Assets

》In Accounts Tangible assets are those assets which can be seen and touched. In simple words they have a physical existence.

Examples

● Land

● Building

● Machinery  

● Computer

                                                                                                                     

Intangible Assets

》Intangible assets are those assets which can't be seen and can't be touched. In simple words they have no physical existence.

Examples

● Goodwill

● Patents

● Copyright

● Trademark