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Tangible fixed assets, as assets which 'are held for use in the production or supply of goods or services...on a countinuing basis in the reporting entity's activities'.examples; land, premises, vehicles, machinery e.t.c
Tangible Assets are those assets which we can see, touch… for example buildings, machinery, vehicles..etc
Dinesh.
What else can I help you with?
Is a prepaid asset considered an intangible asset?
No. A prepaid asset is an asset that May be Tangible or Intangible, but is not yet 'in service'. When it is acquired and in service, is when it may be determined if it is Tangible or Intangible.
Is goodwill tangible asset?
goodwill must be treated as tangible asset because it holds great value for the company. but analysts treat as an intangible asset .
Is a factory an intangible asset?
Factory is a tangible asset as tangible assets are those assets which can be seen with eye and also could be feel by hand.
Is capital leases an intangible asset?
No, Capital lease is for tangible assets only so it is tangible assets. Capital lease is to acquire any assets for use in business so that asset is a visible thing so not intangible asset.
Can an intangible asset be converted into a tangible asset during the operating cycle?
An intangible asset typically cannot be directly converted into a tangible asset during the operating cycle, as they represent non-physical resources like intellectual property or brand value. However, intangible assets can contribute to the generation of tangible assets, such as when a patented technology leads to the production of a physical product. Thus, while they may influence the creation or enhancement of tangible assets, they remain distinct in nature.
Is livestock in case of mixed farming fixed asset or current asset or wasting asset or tangible asset?
Tangible asset
Is cash an intangible asset?
Cash is a tangible asset. Unlike something without tangible substance such as goodwill, cash is a hard or a tangible asset.
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is a prepaid asset considered an intangible asset?
No. A prepaid asset is an asset that May be Tangible or Intangible, but is not yet 'in service'. When it is acquired and in service, is when it may be determined if it is Tangible or Intangible.
Is goodwill a tangible asset?
goodwill must be treated as tangible asset because it holds great value for the company. but analysts treat as an intangible asset .
Is goodwill tangible asset?
goodwill must be treated as tangible asset because it holds great value for the company. but analysts treat as an intangible asset .
Is a savings bank CD a tangible asset?
Yes, CDs are considered a tangible, personal asset of the individual that owns it.
Is plant asset intangible?
No it is tangible.
Is a factory an intangible asset?
Factory is a tangible asset as tangible assets are those assets which can be seen with eye and also could be feel by hand.
Can a tangible asset be a financial asset?
Ive had a similar question like this in a finance exam. Apparently its wrong to say that all financial assets are intangible (i.e. yes, a financial asset can be a tangible asset). Example: Cash
Is life insurance a tangible asset?
no, intangible
Is furniture in an office a tangible asset?
YES
