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 ?
Versa Networks, innovator of the Secure Cloud IP Platform, announced a partnership with Tangible Technology, an emerging IT services and solutions provider of cloud, voice and network security solutions for the Australia market.
Brands, patents, goodwill, the knowledge of a firm's workforce and even its corporate strategy are all assets that aren't tangible but still add value.
Many taxpayers had requested that the tangibles regulations permit a current deduction for relatively small amounts, recognizing the administrative costs and record keeping burden of accounting for numerous relatively small expenditures.
They can be based on valuations of tangible and intangible assets and on forecasts of future profits and cash flow.
The regulations for transfers of other tangible property would continue in effect, but they have been substantially modified to reflect some of the concepts applied to intangibles.
The specific events sponsored by GE Additive were "Lunch with Additive Manufacturing Experts" and "Ask GE Additive." Tangible Solutions is a major user of GE Additive's laser-based machines.
Good pedagogy rightly emphasizes the visual and tangible, which were perhaps not always so accentuated in schools of former times.
1.1031(a)-2(c) does not import the like-class standard used for depreciable tangible personal properties to intangibles, the IRS nonetheless used the NAICS codes for this purpose.
Although intangible valuations need to be reviewed carefully when being eyed as collateral support, tangible fixed assets may actually be harder to sell.
The researchers suggest that elements of the communication function must be acknowledged as assets for the company in financial documentation because the company's structural and tangible assets would not exist without it.
In a professional practice, tangible property such as office equipment, furniture and fixtures makes up a small portion of a firm's total value.
The fairly recent insight that companies can gain tremendously by applying a more structured, conscious approach to "learning" has given the knowledge capital movement a forceful push, "particularly when managers can demonstrate tangible benefits," says Karl-Erik Sveiby, research fellow at Sydney-based Queensland University of Technology.