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tangible property

   Also found in: Legal, Wikipedia 0.01 sec.
Tangible Asset
In accounting, any asset that can be seen and touched. Tangible assets include things that can be reproduced, such as widgets or a widget factory, and things that cannot be reproduced, such as the land upon which the widget factory is built. Tangible assets are comparatively easy to price, and therefore they are often used to express the value of a company. However, because they do not include intangible but still valuable things like patents and brand recognition, they may not truly express a company's value. Less commonly, tangible assets are called hard assets. See also: Intangible Assets.

tangible property
Real estate plus tangible personal property.


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The first coverage found in standard-form CGL policies is for damages due to "property damage," with property damage often defined to include physical damage to tangible property or loss of use of tangible property.
Types of property that qualify for this special depreciation include tangible property with a recovery period of 20 years or less, computer software purchased by the business, water utility property, and qualified leasehold improvement property.
Roy, tangible property manager for the Office of the State Treasurer, said the items on display were representative of 300 items that will be up for auction.
 
 
 
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