Tangible Assets

Tangible assets have a physical and financial value. Tangible assets can be divided further into two categories: financial capital or assets that have a monetary value based on their physical valuation, such as infrastructures and buildings. Other forms of tangible assets can include machinery and equipment or any payments owed to individuals. Asset managers specialize in the appraisal of tangible assets; they help protect their clients’ net worth. Having tangible assets appraised is an important step for tax and financial reporting. Tangible assets that have accurate valuations can be used as collateral for financing.

Differences

The main difference between tangible and intangible assets lies in the issue of ownership of resources. Because intangible resources do not have a physical presence, individuals who own intangible resources may not be able to reap the full benefits of their assets; they may be faced with problems of appropriation and misuse of their assets. Although intangible assets can be valued and used for commercial gain, similar to tangible assets, they cannot be controlled to the same extent as tangible resources.

Considerations

References

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