BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -It can be of two broad types – tangible and intangible. Tangible can include automotive vehicles, industrial equipment, furniture, and real estate. Real estate is called “real property”. Intangible describes those assets that have current or potential value but do not have any intrinsic value of their own.

Detailed explanation-2: -Tangible assets are the main type of assets that companies use to produce their product and service. Intangible assets are non-physical assets that have a monetary value since they represent potential revenue. Intangible assets include patents, copyrights, and a company’s brand.

Detailed explanation-3: -Tangible assets also fall into two groups: current and fixed assets. Current assets are used in day-to-day business operations and can be used up or converted into cash within a single year. By contrast, fixed assets are larger items like buildings, land, and major equipment that can depreciate over time.

Detailed explanation-4: -Personal property can be characterized as either tangible or intangible. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Stocks, bonds, and bank accounts fall under intangible personal property.

Detailed explanation-5: -Identifiable intangible assets are those that can be separated from other assets and can even be sold by the company. They are assets such as intellectual property, patents, copyrights, trademarks and trade names. Unidentifiable intangible assets are those that cannot be physically separated from the company.