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What is the difference between tangible and intangible asset?

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Question added by Deleted user
Date Posted: 2013/06/28
Asim Pervaiz
by Asim Pervaiz , Assistant Manager Accounts & Taxation(VAT compliance) , China Railway Construction Corporation Ltd Saudi Branch

tangibal assets are those assets which have physical existance and they are depricaited i.e Machinery, furniture, vehicle 

Intangibal assets which have no physical existance and thay are impaired. i.e Brand, goodwiil etc.

SAHL HIJAZI
by SAHL HIJAZI , Purchasing Manager , BINZAFRAH GROUP

Intangible assets :are the non-physical things of value that a company owns.
These assets have no set monetary value and no physical measurement.
They can not be seen or touched, but are nonetheless important to the company's success.There are two classifications of intangible assets: legal and competitive.
Legal assets include things such as intellectual property and copyrights.
Tangabile asset: Assets that have a physical form.
Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory.

Tehseen  ullah
by Tehseen ullah , Finance & Supply Chain Manager , KhudairiCORO JVSunQuick Juice Manufacturer Khudairi-CORO JV

Tangible Assets: whcih has physical existence and can be touched like land, machinery, stock etc Intangibles: which has no physical existence and cannot be seen or touched like goodwill, trade mark etc

Abdul Rahim Said Rahim
by Abdul Rahim Said Rahim , Senior Executive - Business Development , Al Ruwais Plastic Products Trading LLC

In short, those asset which are not able to be seen or touched is called INTANGIBLE, those assets which are able to be seen or touched are called TANGIBLE.

manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

tangible asets are those assets which can see or touch it has physical existence like land &building,plant &machinery,furniture etc..decreasing value of these assets called as depreciation intangible assets are those assets which cannot see or touch like goodwill ,patent & trademarks etc decreasing value of these assets called amortisation

Tangible assets are those assets whose physical existence is present or which can be touched Ex:- cash, inventory , land , building, vehicle , plant & equipment, receivables/ debtor,etc.
Intangible assets are those assets which don't have any physical substance or are not present Ex:- Copyright, trademark, formula, goodwill, patent, franchise, acquisition, joint venture, customer contracts or lists

Deleted user
by Deleted user

Tangible asset: any thing you can touch it, physical ( land , machine, cash ....etc.
) , Intangible asset : not physical ( trade mark , franchise , customers list ..etc)

mohamed mansour
by mohamed mansour , chief accountant , el khatab Co for mills.

I just want to indicate that The IFRSs separate The goodwill away from intangible assets and classify it alone.

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