tangible asset
Definition
Cash, equipment, machinery, plant, property anything that has long-term physical existence or is acquired for use in the operations of the business and not for sale to customers. In the balance sheet of the business, such assets are listed under the heading 'Plant and equipment' or 'Plant, property, and equipment.' Tangible assets, unlike intangible assets, can be destroyed by fire, hurricane, or other disasters or accidents. However, they can be used as collateral to raise loans, and can be more readily sold to raise cash in emergencies.
Mentioned in these definitions
Mentioned in these terms
Popular 'Accounting & Auditing' Terms
tangible asset in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/tangible-asset.html
