tangible assets

Tangible assets are physical items that a business owns and can use or sell. Examples include buildings, machinery, equipment, vehicles, inventory, and land. These assets have measurable value and are essential to a company's operations. Because they are physical, tangible assets can be seen and touched, making them different from intangible assets like patents or trademarks. They are recorded on the company's balance sheet and often depreciate over time, reflecting their usage and wear. Proper management of tangible assets is crucial for maintaining business productivity and calculating financial health.