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Question added by Deleted user
10 years ago
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Asim Pervaiz's image  
Answer added by  Asim Pervaiz, Assistant Manager Accounts & Taxation(VAT compliance), China Railway Construction Corporation Ltd Saudi Branch
10 years ago

tangibal assets are those assets which have physical existance and they are depricaited i.e Machinery, furniture, vehicle  Intangibal assets which have no physical exista ... See More

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Answer added by  SAHL HIJAZI , Purchasing Manager, BINZAFRAH GROUP
10 years ago

Intangible assets :are the non-physical things of value that a company owns. These assets have no set monetary value and no physical measurement. They can not be seen or ... See More

Saqib Sohai Butt's image  
Answer added by  Saqib Sohai Butt
10 years ago

Tangible assets are those assets whose physical existence is present or which can be touched Ex:- cash, inventory , land , building, vehicle , plant & equipment, rece ... See More

manaf almas's image  
Answer added by  manaf almas, Auditor, DAR AL NUZUM PUBLIC ACCOUNTANTS
10 years ago

tangible asets are those assets which can see or touch it has physical existence like land &building,plant &machinery,furniture etc..decreasing value of these ass ... See More

Abdul Rahim Said Rahim's image  
Answer added by  Abdul Rahim Said Rahim, Senior Executive - Business Development, Al Ruwais Plastic Products Trading LLC
10 years ago

In short, those asset which are not able to be seen or touched is called INTANGIBLE, those assets which are able to be seen or touched are called TANGIBLE.

Tehseen  ullah's image  
Answer added by  Tehseen ullah, Finance & Supply Chain Manager, KhudairiCORO JVSunQuick Juice Manufacturer Khudairi-CORO JV
10 years ago

Tangible Assets: whcih has physical existence and can be touched like land, machinery, stock etc Intangibles: which has no physical existence and cannot be seen or touche ... See More

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Answer added by  Deleted user
10 years ago

Tangible asset: any thing you can touch it, physical ( land , machine, cash ....etc. ) , Intangible asset : not physical ( trade mark , franchise , customers list ..etc)

mohamed mansour's image  
Answer added by  mohamed mansour, chief accountant, el khatab Co for mills.
10 years ago

I just want to indicate that The IFRSs separate The goodwill away from intangible assets and classify it alone.