What is Tangible asset?

[charlie]

Hi everyone! I’m currently learning about accounting terms and I came across the phrase “tangible asset.” I know it refers to something physical that a business owns, but I’m still not fully confident about the definition and examples. Could someone explain what a tangible asset is in an easy-to-understand way? Thanks in advance!

 

[tonny]

A tangible asset is a physical resource a business owns—like machinery, buildings, or inventory—that holds measurable value and supports operations or revenue generation. It’s a type of non-current asset, which means it's expected to benefit the business over multiple years. Learn more non current asset

 

[inshya]

Tangible assets are physical assets that have a measurable monetary value and a physical form, meaning you can see and touch them

 

[Grayson]

A tangible asset is a physical item that a business owns, such as buildings, machinery, or inventory, that supports operations or generates income and has a quantifiable value.