03 April 2023
Assets which have a physical existence and can be touched and felt are called Tangible Assets. Tangible assets can include both fixed and current assets. A few examples of such assets include furniture, stock, computers, buildings, machines, etc.
Intangible assets don’t have a physical existence and cannot be touched or felt. Intangible assets can either be definite or indefinite, depending on the kind of asset in question. A few examples of such assets include goodwill, patent, copyright, trademark, company’s brand name, etc.
The main difference between tangible and intangible assets is where one can be touched and felt the other only exists on paper.
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