Tangible And Intangible Assets

One of the most common classifications made with respect to goods has to do with the characteristic that it has with respect to its perceptibility , that is, whether it is a good that exists physically or one that has no entity, but that nevertheless It has economic value for its characteristics.

Assets that are physically appreciable are known as tangible assets , and can be touched and felt by their characteristics. They meet the conditions of economic goods and are therefore traded on the market , being able to be provided by private agents and exchanged within the framework of the supply and demand process.

Exchange of tangible goods

The process of exchanging tangible goods brings with it a simultaneous knowledge of the characteristics of the good in question .

When a tangible good is exchanged, there is a physical object that changes its owner , therefore whoever acquires it recognizes it as its own in its entirety, being able to have the function of a good of use , a capital good or a good acquired only for be exchanged again in order to get more money. It may be movable property, when your exchange includes a physical transfer, or real estate when the exchange does not modify the place where the property is located.

The economy has warned this question that it is not the same in all cases, because when it comes to goods whose use is not limited to a single time, but rather extends over time, there is a part of the product’s characteristic that is not they observe at first sight: the introduction of guarantees came to complement this information problem, typical of tangible assets.

Here are some examples of assets considered tangible:

Examples of tangible assets

A building for private homes. A viaduct.
A cup of coffee. A table.
A pencil. A pool.
A maritime platform. Trees.
Cattle feed. A stove.
Precious metals. Artworks.
A train. Clothing.
A share in a company. A land to build.
A car. An aircraft carrier.
A cell phone. War machinery

It can serve you: Examples of Tangible and Intangible Heritage

Intangible goods

On the other hand, intangible assets are those that do not have a physical entity and that can only be perceived through the mutual recognition of certain rights and obligations as valid .

For an intangible asset to be recognized, there must be certain entities willing to take measures if the property right that comes with it is not respected, insofar as it is something that cannot be seen and therefore cannot be mobilized.

Exchanges of intangible assets

The process of exchanging intangibles also occurs in the market, but with some peculiarities: since they are not observable, recognition of the validity of the intangible is precisely due to the subjection to mutually agreed entities for its control .

The price at which these exchanges are agreed, comes, however, from an iteration between the values ​​assigned to it by the suppliers and the demanders of these goods.

Here are some examples of assets that are considered intangible:

Examples of intangible assets

  1. Medical insurance.
  2. Licenses for the use of computer services.
  3. Franchises.
  4. Copyright and copyright.
  5. An airplane ticket.
  6. The company’s discoveries in research and development.
  7. Public service concessions.
  8. The popularity of a company.
  9. Agreements between employers and employees.
  10. Trade secrets.
  11. The company’s credit rights.
  12. The deeds of a vehicle.
  13. The intelligence of a work team.
  14. Intellectual Property Rights.
  15. A Web page.
  16. Software rights.
  17. The right to use a property.
  18. Brands.
  19. Patents.
  20. The ‘business key’, the added value of the business to be working.

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