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A tangible asset a physical thing you can actually touch. It includes a piece of land, a house, a table, a chair, a TV, a Computer etc. An intangible asset exists only on paper. You can exchange a piece of paper for money. You can take a piece of paper and take it to a banker or broker and come out with money. That piece of paper is represents an intangible asset. You have a bank account. Bank accounts, stocks, bonds, debentures, etc, are intangible assets.
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What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible 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.
What Types of fixed asset?
1)Tangible fixed asset 2)Intangible fixed asset 1)Tangible fixed asset 2)Intangible fixed asset
Is plant asset intangible?
No it is tangible.
Is life insurance a tangible asset?
no, intangible
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 is the difference between amortization and depreciation?
Amortization usually refers to spreading an intangible asset's cost over that asset's useful life. Depreciation, on the other hand, refers to prorating a tangible asset's cost over that asset's life.Depreciation Is Applicable only on Fixed & Tangible Assets Which Depends on useful life of that assets that may be expected accurately but Amortization applicable on Intangible Assets whose life is very critical to be measured.DEPRECIATION is calculated for tangible assets while AMORTIZATION is calculated for intangible assets.
What is the difference between a tangible and intangible asset?
Tangible Assets: These are those assets which have physical existence and which can be seen by naked eyes or has feeling. Intangible Assets: These are reverse from tangible assets as these have no physical existence and nobody can see them with eyes.
Why goodwill is an intangible asset?
Goodwill is an intangible asset because it does not have any tangible physicle existance and nobody can touch or see it.
What is the difference between rent and royalty?
Rent is the consideration payable for the use of tangible assets i.e. Building and machinery etc. Royalty is the consideration payable for the use of special right in a tangible or intangible asset.
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 .
