Skip to main content

Tangible assets and intangible assets

Hello readers, today I will be writing about tangible assets and intangible assets. Tangible assets are physical by nature. You can touch them. Example of tangible assets are Land, equipment, machinery and others. These assets are used by company to carry out daily activities. Tangible could become damaged as a result of an accident. Tangible assets depreciates in value. It is easier to sell them when compared with intangible assets

There are two types of tangible assets which are the non-current assets and the current assets. Current assets are assets that are coverted into cash by the end of one year. Non-current asset are long term by nature. They are not converted into cash within one year. However, they can be liquidated when the company needs money. The non current assets are normally not expected to be sold.

Intangible assets on the other hand cannot be seen or touched. They are invisible. Example of intangible assets include copyright, patent, business logo and others. Intangible assets are amortized unlike tangible assets which are depreciated.

Intangible assets are not so easy to convert into cash. Valuation of this type of asset is not easy. They can be higher in value when compared to intangible assets. That is all for today.  Thank you for reading this article. Keep checking out my blog regularly. Cheers!


Comments

Post a Comment

Popular posts from this blog

Evil: Lekki Central Mosque

Asalam alaykum There are mosques and there are evil places that call themselves mosques, Lekki central mosque is one of those places such an evil place. The so called chief imam Ridwan Jamiu is also fake. A mosque, they have two floors. I  thought women where suppose to be upstairs and men downstairs. Yet, he allowed women to be entering the part where men enter, seeing women and men walking and passing through the same door. Women praying downstairs with no division between men and women. When I asked him about it, he said it is allowed. How is that allowed. Islam does not encourage the mixing of different sexes. Where ablution is done in the female part is sometimes dirty, when you are suppose to do ablution in a clean place.The toilets there were dirty and they face the qibla. Toilets are not meant to face the qibla according to Islamic law. There is one toilet there that did not face the qibla. A pit latrine, which i find odd why would there be regular toilets and one pit latri...
Post a Comment
Read more

Eid Mubarak

Hope you have a good one
15 comments
Read more

Quran 3:56-59

Asalam alaykum "As for those who disbelieve, I will punish them with a severe punishment, in this world and the next, and they will have no helpers.   And as for those who believe and do good works, He will give them their rewards in full. God does not love the unjust.”  This is what We recite to you of the Verses and the Wise Reminder. The likeness of Jesus in God’s sight is that of Adam: He created him from dust, then said to him, “Be,” and he was." Quran 3:56-59 Ma salam.
Post a Comment
Read more