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Tangible Asset normally include items such as Natural Resource, land, buildings, vehicles, furniture, office equipment, computers, machinery, tools, IT equipment.
Tangible Asset normally lose
The Financial Accounting regulations assume that all Tangible Assets (with very few exceptions, like land) continuously lose their value over time which
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is being accounted for as Depreciation.
It is similar to Amortization of Intangible Assets.
Tangible Asset can be both Short Term (called Current Assets) and Long-Term (also called Fixed Asset).
See also
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Business / Business Administration / Financial Management / Financial Accounting
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