tangible asset

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Tangible asset

An asset whose value depends on particular physical properties. These include reproducible assets such as buildings or machinery and non-reproducible assets such as land, a mine, or a work of art. Also called real assets. Converse of: Intangible asset

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 asset

An asset such as a building or piece of equipment that has physical properties. Also called hard asset. Compare intangible asset. See also net tangible assets per share.
References in periodicals archive ?
Learning how such seed crystals form may lead to means of controlling their structure and, ultimately, those tangible properties that diners notice (SN: 5/7/94, p.
For instance, as discussed below, the IRS position that software is intangible follows the traditional notion that intellectual and tangible properties in a same product represent different legal interests.