The Asset which has a physical substance.
Tangible Asset normally include items such as Natural Resource, land, buildings, vehicles, furniture, office equipment, computers, machinery, tools, IT equipment.
The Financial Accounting regulations assume that all Tangible Assets (with very few exceptions, like land) continuously lose their value over time which 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
Business / Business Administration / Financial Management / Financial Accounting
[ Asset ] [ Fixed Asset ] [ Intangible Asset ] [ Current Asset ]
[ Depreciation ]