Fixed Assets Difference
This query is : Resolved
03 April 2023
Sir,
What is the Difference of TANGIBLE ASSETS and INTANGIBLE ASSETS
What is the Difference of TANGIBLE ASSETS and INTANGIBLE ASSETS
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.
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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03 April 2023
Tangible Assets Intangible Assets
Cash Patents
Land Trademarks
Equipment Copyrights
Inventory Goodwill
Machinery Brand recognition
Furniture Internet domain name
Stock Customer lists
Bonds Employment contracts
Cash Patents
Land Trademarks
Equipment Copyrights
Inventory Goodwill
Machinery Brand recognition
Furniture Internet domain name
Stock Customer lists
Bonds Employment contracts
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