Tangible Assets are assets that have a physical form and can be seen, touched, or measured. Examples include land, buildings, machinery, equipment, inventory, and cash. Tangible assets are used by a company to produce goods and services or to generate income. They can also be sold or exchanged for cash if needed. Tangible assets do not include intangible assets such as patents, trademarks, or goodwill. The formula for Tangible Assets is:
Tangible Assets = Total Assets - Intangible Assets
Where:
- Total Assets is BS036,
bs_tot_asset
- Intangible Assets is BS029,
bs_disclosed_intangibles