Tangible assets definition

A - B - C - D - E - F - G - H - I - L - M - N - O - P - Q - R - S - T - U - V - W - Y

See all glossary trading terms

Tangible assets are the assets on a company's books and balane sheet that have a physical form. They comprise the machinery, office equipment and buildings used by a company (fixed assets) and of the materials that are used in producing products (current assets).

Tangible assets are the opposite of intangible assets: the non-physical assets on a business’s balance sheet, like intellectual property or licences.

Different types of tangible assets will be handled differently in accounting. Current assets are usually turned into cash in the short term, and then turn up in an earnings report as revenue. Many fixed assets will depreciate, and so will have their cost divided among their years of use.

Contact us

We're here 24hrs a day from 5pm Saturday to 7am Saturday (AEST).

1800 601 799

You can also call +61 (3) 9860 1799, email helpdesk.au@ig.com or tweet us at @IGClientHelp