Tangible and intangible

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Explain the meaning of the terms "tangible" and "intangible" and discuss how these terms are used in describing assets.  
Dec 16th, 2014

Tangible basically means things that you can touch.. Intangible means things that you can not be able to touch. In business, tangible means goods that you are able to touch such as machinery. Intangible means assets that you cannot be able to touch such as securities or stock/ shares..

Dec 16th, 2014

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