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
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
When certain tangible properties are purchased by a company for safety reasons or for environment-related reasons, some problems might occur related to their recording in accounting.
All tangible properties recorded as assets must be evaluated initially as per their cost.
Domestic accounting rules also refer to tangible properties under execution which are presented as those unfinished investments performed by the company on its own or under contract.
The frequency of reevaluations depends on the change of the just value, as such tangible properties undergo significant and fluctuating changes of their just value.
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.
Intellectual And Tangible Properties Are Separate Legal Interests