Tangible And Intangible Assets

One of the most common classifications that are made with respect to the goods has to do with the characteristic that it has with respect to its perceptibility , that is to say if 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 therefore are traded in the market , and can be provided by private agents and exchanged within the framework of the supply and demand process.

Tangible Goods Exchange

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

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

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

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.
An action of a company. A land to build.
A car. An aircraft carrier
A cell phone. War machine

It can serve you: Examples of Tangible and Intangible Heritage

Intangible goods

The intangible assets , however, are those that have no 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, it is necessary that there are certain entities willing to take action if the property right that it entails is not respected, to the extent that it is something that cannot be seen and therefore cannot be mobilized.

The exchange of intangible assets

The process of exchange of intangibles also occurs in the market, but with some peculiarities: not being observable, the recognition of the validity of the intangible is given precisely by the subjection to entities in common agreement for its control .

The price at which these exchanges are agreed comes out, anyway, of an iteration between the values ​​assigned by the bidders and the plaintiffs 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. A plane ticket.
  6. The company’s discoveries in research and development.
  7. Public service concessions.
  8. The popularity of a company.
  9. The agreements between employers and employees.
  10. Trade secrets
  11. The credit rights of the company.
  12. The writings 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. Marks
  19. Patents
  20. The ‘business key’, the added value of the business for being functioning.

Leave a Comment