Tangible Asset Definition
A tangible asset is an item owned by a business that has a physical presence, such as a piece of equipment or a vehicle.
Tangible Asset Extended Definition
When an item can be physically seen or felt, it is a tangible asset. Tangible assets add value to a business’s net worth.
Examples of tangible assets include:
- Other property
You might protect your tangible assets with insurance, use them as collateral to secure a loan or turn them into cash.
Your Go-to Guide to Understanding Tangible Assets
Last Updated By
Jenna Hutkowski | Apr 18, 2023