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.

 

[karen]

Physical thing on which a business has ownership that is physically present, such as equipment, buildings or inventory has a measurable value. In a nutshell, it is whatever you can feel, which assists in running the business.

 

[Mayank]

A tangible asset is a physical resource owned by a business or individual that has measurable value and can be seen or touched, such as buildings, machinery, vehicles, inventory, or land, used to support operations, generate income, and strengthen stability.

 

[Jarwish]

A tangible asset is a physical item with measurable value—such as buildings, machinery, vehicles, or equipment—that a business owns and uses in its operations. It can be touched and seen.

 

[Gsusangrey]

A tangible asset is a valuable physical item owned by a business or an individual. On a balance sheet, it can be observed, felt, and measured. Land, buildings, vehicles, machinery, and inventory are a few examples. With the exception of land, most lose value over time due to depreciation.

 

[Sonu]

Tangible asset is a physical object that can be measured and the business or individual owns. This can be machinery, vehicles, inventory, building and equipment. Tangible assets are those that can be seen and touched, unlike the intangible ones like trademarks or patents and are most likely to be put to use in operations or as long-term investments.