Answer:
1)Tangible assets are typically physical assets or property owned by a company, such as equipment, buildings, and inventory.
2)Tangible assets are the main type of assets that companies use to produce their product and service.
3)Intangible assets are non-physical assets that have a monetary value since they represent potential revenue.
4)Intangible assets include patents, copyrights, and a company's brand.
Explanation:
Tangible assets form the backbone of a company's business by providing the means to which companies produce their goods and services. Tangible assets can be damaged by naturally occurring incidence since they are physical assets. Intangible assets are the non-physical assets that add to a company's future value or worth and can be far more valuable than tangible assets. Both of these types of assets are initially recorded on the balance sheet, which helps investors, creditors, and banks assess the value of the company.
