Which of the following is an example of a tangible asset?

Prepare yourself for the TSA Business Management Exam. Engage with flashcards and comprehensive multiple-choice questions, each supplemented with hints and explanations. Ace your test!

A tangible asset is a physical item that can be seen and touched, and it typically contributes to the company's operations and value. Buildings are classified as tangible assets because they are concrete, physical structures that provide utility to the business, such as housing operations, employees, and equipment.

In contrast, intangible assets, while still valuable to the company's worth, do not have a physical form. The company brand, patents, and goodwill all represent intangible assets. They provide value and competitive advantages but cannot be physically touched or seen in the same way that buildings can. Hence, buildings serve as a clear and solid example of a tangible asset within a business context.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy