*The one thing that the author of this post failed to address was when a person, such as myself, has all tangible assets, they will undoubtedly lose a bit of profit within insurance, storage, maintenance, security and all the rest that goes with having "physical" items.
A:
Tangible Assets
Tangible assets are physical assets such as land, vehicles, equipment, machinery, furniture, inventory, stock, bonds and cash. These assets are the backbone of a company but are not available to customers. Tangible assets are at risk of damage either from naturally occurring incidents, theft or accidents.
The two types of tangible assets are current and fixed. Current assets are inventory, or items a company turns into cash usually by the end of the year. These assets can be used as liquidation to save a company from short-term debt problems or as financial aid. Fixed assets are physical items that will not be sold at any point in the business. These assets include machinery, equipment, vehicles or land, and they are needed to run the business continually.
Intangible Assets
Intangible assets are nonphysical, such as patents, trademarks, franchises, goodwill, and copyrights. Depending on the type of business, intangible assets may include Internet domain names, performance events, licensing agreements, service contracts, computer software, blueprints, manuscripts, joint ventures, medical records, permits, and trade secrets. Intangible assets add to a company's possible future worth and can be much more valuable than its tangible assets.
For more information see What is the difference between goodwill and tangible assets?
Both tangible and intangible assets are recorded on a balance sheet. A balance sheet outlines a company's balance of income and spending over time to determine its debt to equity (D/E) ratio. The balance sheet allows a company to consider future expansion and gives banks, investors, and vendors the ability to decide a company's worth for possible loans or credits. For the quarterly period ended April 1, 2017, Apple, Inc. (AAPL) recorded total goodwill and acquired intangible to be worth $8.09 billion and Net Property, Plant and Equipment (PP&E) worth $27.16 billion.
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A:
Tangible Assets
Tangible assets are physical assets such as land, vehicles, equipment, machinery, furniture, inventory, stock, bonds and cash. These assets are the backbone of a company but are not available to customers. Tangible assets are at risk of damage either from naturally occurring incidents, theft or accidents.
The two types of tangible assets are current and fixed. Current assets are inventory, or items a company turns into cash usually by the end of the year. These assets can be used as liquidation to save a company from short-term debt problems or as financial aid. Fixed assets are physical items that will not be sold at any point in the business. These assets include machinery, equipment, vehicles or land, and they are needed to run the business continually.
Intangible Assets
Intangible assets are nonphysical, such as patents, trademarks, franchises, goodwill, and copyrights. Depending on the type of business, intangible assets may include Internet domain names, performance events, licensing agreements, service contracts, computer software, blueprints, manuscripts, joint ventures, medical records, permits, and trade secrets. Intangible assets add to a company's possible future worth and can be much more valuable than its tangible assets.
For more information see What is the difference between goodwill and tangible assets?
Both tangible and intangible assets are recorded on a balance sheet. A balance sheet outlines a company's balance of income and spending over time to determine its debt to equity (D/E) ratio. The balance sheet allows a company to consider future expansion and gives banks, investors, and vendors the ability to decide a company's worth for possible loans or credits. For the quarterly period ended April 1, 2017, Apple, Inc. (AAPL) recorded total goodwill and acquired intangible to be worth $8.09 billion and Net Property, Plant and Equipment (PP&E) worth $27.16 billion.
The Truth About Annuities
www.fi.com
Get the real story from a firm that doesn't sell annuities!
Homeowners Must Read This
lowermybills.com
Congress Gives Homeowners Who Owe Less Than $300-625k, Once-In-A-Lifetime Mortgage Bailout
Ditch Your Bank Account
rickards-strategic-intelligence.com
Former CIA Advisor Jim Rickards Warns Retired Citizens - Info Here.
RELATED FAQS
What are some examples of fixed assets?
Learn the difference between fixed tangible assets and fixed intangible assets, and review examples of these two types of ... Read Answer >>
What is the difference between shareholder equity and net tangible assets?
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What is the difference between a spot rate and a forward rate?
Understand the concept of intangible assets and learn how they are handled in the purchase agreement when a company is bought ... Read Answer >>
What kinds of events or circumstances will increase or decrease the proportion of ...
Learn the variety of events and circumstances which can significantly increase or decrease the proportion of intangible assets ... Read Answer >>
Why should you invest in tangible assets?
Read about some of the possible benefits of investing in tangible assets, such as bullion, real estate, art, collectibles ... Read Answer >>
How do intangible assets appear on a balance sheet?
Understand how various types of intangible assets are handled in a company's accounting and which of them you can find on ... Read Answer >>
Read more: What is the difference between tangible and intangible assets? | Investopedia http://www.investopedia.com/ask/answers/012815/what-difference-between-tangible-and-intangible-assets.asp#ixzz4m5aZwlCC
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