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What do you mean by Tangible and Intangible assets?

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Question added by Mohamed Hakeem Meerashahib , Branch Manager , Sri Lanka State Trading (General) Corporation
Date Posted: 2016/02/12
REDA ABDELAZIZ
by REDA ABDELAZIZ , مدير مالي , Arabian Supplies WLL

Tangible Assets are physical assets such as land, equipment, building and inventory. these assets are not available for the company's customers. there are Two types of tangible assets (1) Fixed Assets (2) Current Assets.

Intangible Assets are nonphysical such as patents, trademarks, goodwill and copyrights.  

Tangible assets are physical assets such as lands, machinery, and buildings. The opposite of a tangible asset is an intangible asset. Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition.

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