Hey,
Your confusion about the difference between tangible and intangible assets is completely understandable. For the longest time, I had the same question as you. A friend of mine shared with me the meaning and difference between these two terms. I was shocked to learn the distinction. Take a look at my answer to know more.
What is the difference between tangible and intangible assets ?
- Tangible assets are physical; they include cash, inventory, vehicles, equipment, buildings and investments.
- On the other hand intangible assets do not exist in physical form and include things like accounts receivable, prepaid expenses, and patents and goodwill
- Another difference between tangible and intangible assets is that tangible assets are depreciated whereas intangible assets are amortized.
-Since tangle assets are physical aka have a physical presence they are easier to liquidate in comparison . Intangible assets are not easy to liquidate in comparison and dont sell in the market easily.
On the list of what is the difference between tangible and intangible assets. The value of tangible assets can be determined or evaluated easily. Whereas, evaluating the value of intangible assets is quite difficult.
I hope my answer has cleared the difference between tangible and intangible assets.
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What is the difference between tangible and intangible assets ?
hemant
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3 Year
2022-02-28T07:03:48+00:00 2022-02-28T07:03:49+00:00Comment
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