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Tangible asstes are those which we can be touched (Machine, building etc)
Intangible assets are those which we cannot be touched (Goodwill, development etc)
tangible asset mean physical assets such as plant , machinery,building ,furniture etc. deprecation charged on these assets.
where intangible assets are trade mark, good will ,patient copyright. Amortization charged on intangible assets.
Physical assets are tangible and intangible are those which are not physical......
Tangible Assets are those assets which can be seen by our naked eyes and can physically be touched.
Examples: Furniture, Building, Machinery etc.
Intangible Assets are those assets which neither be seen by our naked eyes nor physically be touched.
Examples: Trademarks, Goodwill, Patents etc
Is software is and assent or expense ?
if it is an asset is it tangible or intangible asset ?
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