movable assets

Movable assets are tangible items that a business or individual owns and can physically move from one location to another. Examples include furniture, equipment, vehicles, inventory, and tools. These assets differ from real estate, which are fixed (like land or buildings). Movable assets are important for operations and value, and they can be bought, sold, or transferred easily. They are often listed on financial statements to show what a company owns. Managing movable assets involves tracking their location, maintenance, and value to ensure proper use and financial reporting.