What Are Tangible Assets? Key Concepts Explained

Tangibleasset20 Apr, 2025Business

Tangible assets refer to physical items with measurable value, such as buildings, vehicles, and equipment. They play a vital role in a company's operations and financial health. Understanding what tangible assets are aids in asset management and financial planning. Examples include office furniture, machinery, and land. The meaning of tangible assets encompasses their physical presence and contribution to business value.​