Total tangible asset
This query is : Resolved
05 May 2015
what is ment by total tangible asset ? what is the fourmula for total tangible asset ? plz help mee
thanks
Arpit Shah
(Expert)
05 May 2015
Assets that have a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. The opposite of a tangible asset is an intangible asset. Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.
INVESTOPEDIA EXPLAINS 'Tangible Asset'
Certain types of assets receive special treatment for accounting purposes. For tangible assets with an anticipated useful life of more than one year, a company uses a process called depreciation to allocate part of the asset's expense to each year of its useful life, instead of allocating the entire expense to the year in which the asset is purchased.
INVESTOPEDIA EXPLAINS 'Tangible Asset'
Certain types of assets receive special treatment for accounting purposes. For tangible assets with an anticipated useful life of more than one year, a company uses a process called depreciation to allocate part of the asset's expense to each year of its useful life, instead of allocating the entire expense to the year in which the asset is purchased.
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