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.
tangible asset is in the Accounting & Auditing, Banking, Commerce & Finance and Investing subjects.
tangible asset appears in the definitions of the following terms:
accumulated depreciation,
inflation accounting,
intangible asset,
long term debt to tangible assets ratio,
tangible capital asset,
going-concern principle,
corporeal ownership,
hard asset,
real asset,
asset
and
tangible asset appears in these other term: net tangible assets
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