In our project we’ll talk about tangible and intangible assets

So, I’m going to define each one of them:

A tangible asset is a physical, touchable resource with value and can be measured.
They are a key component of any organization’s financial worth and are often an essential
element of business operations.
They are used to assist the daily operations of a business and can easily be converted to cash if
needed.

Intangible assets are unlike tangible assets, they are not physical objects and they cannot be
touched. They are expected to generate economic returns for the company in the future so
they are considered long-term assets.

They include the brand name and intellectual property and they cannot be converted into cash,
but they do contribute to sales and revenue.

Because an intangible asset has no physical form and isn't easily converted to cash, calculating
its value can be challenging.

Tangible assets:

Tangible assets are physical, touchable resources that have value and can be measured. They are
a key component of any organization's financial worth and are often an essential element of
business operations.

A tangible asset is a physical asset that can be touched or felt. It has a measurable value and can
be bought, sold, and traded on the open market.

Intangible assets:

Intangible assets are any non-physical assets that hold value to a business.

Unlike tangible assets such as buildings, intangible assets are not physical objects and cannot be
touched.
Intangible assets lack a physical substance like other assets such as
inventory and equipment. They form the second largest category of long-
term assets, behind number one – PP&E. They can be separated into two
classes: identifiable and non-identifiable.

intangible assets are expected to generate economic returns for the

company in the future. As a long-term asset, this expectation extends for
more than one year or one operating cycle.