Physical asset

Physical asset

Actual property such as precious metals or real estate. Also called real or tangible assets.

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.
References in periodicals archive ?
DiStefano, a specialist in physical asset management, and Thomas, a specialist in internal data integrity, emphasize the importance of a company to maintain complete and accurate data on the performance its physical assets, and make a case that keeping such information up to date is good business.
Physical asset management defines a "best way" of managing corporate physical assets to gain the greatest return.
In addition to the cash return generated by the project, the firm also retains a physical asset a.
The only exception relates to the portion of ISO 9000-related costs that result in creating or acquiring a physical asset (such as a quality manual), which must be capitalized appropriately.
The solution that Unisys and Lenel will market provides a way to integrate and manage access control, ID/credential management, alarm monitoring, physical asset management, visitor management and digital video.
Since taking ownership of 15 Columbus Circle, the 650,000- square-foot office tower located in midtown Manhattan, GE Investments has initiated a comprehensive repair and improvement program that will correct various physical asset problems inherited from the building's previous owner.

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