Tangible assets are physical items that a business owns and can be touched or measured. These assets have a definite value and can be used to generate revenue.

Characteristics
– Physical Presence: Tangible assets have a physical form, making them easily identifiable.
– Depreciable: Many tangible assets lose value over time due to wear and tear, which is accounted for through depreciation.
– Liquidation Value: They can often be sold or liquidated for cash, providing a tangible return on investment.

Examples
– Real Estate: Buildings, land, and any improvements made to the property.
– Equipment: Machinery, vehicles, and tools used in the production process.
– Inventory: Goods and materials that are held for sale or production.
– Furniture and Fixtures: Office furniture, shelving, and other items that support business operations.