ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Tangible assets are typically physical assets or property owned by a company, such as equipment, buildings, and inventory. Tangible assets are the main type of assets that companies use to produce their product and service.

Detailed explanation-2: -Tangible assets are physical things. Examples include land, buildings, vehicles, furniture, and equipment.

Detailed explanation-3: -Examples of tangible assets are machinery, building, vehicles, land. Examples of intangible assets are intellectual property rights, copyright, company logo, goodwill, patents trademarks, etc.

Detailed explanation-4: -Tangible personal property is generally defined as personal property that can be touched. Household furnishings, books, tools, jewelry, motor vehicles and boats are some of the items which fall into the category of tangible personal property.

Detailed explanation-5: -Tangible assets are generally anything you can physically touch-from inventory to buildings to copying machines. Intangible assets, meanwhile, are anything of value that you can’t physically touch such as trademarks, domain names, and the goodwill you’ve built up around your company’s reputation.