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What are physical assets?

By Roger Raber - Apr. 2, 2023

Physical assets are tangible items of value that can be seen and touched. All physical assets can be sold and represent income for a company and range from land to machinery.

There are several different types of assets associated with a business, none more important than physical assets. Any material object that can be sold to generate income is considered a physical asset. Examples of these assets are land, buildings, equipment and machinery, furniture, vehicles, and even monetary holdings such as cash, gold, or silver.

Physical assets are different from intangible assets in that a physical asset is finite. Being a physical property, once it is sold or destroyed, it is gone. Conversely, intangible assets, including a company's brand name, patents, trademark, or copyright, are considered indefinite as they do not exist as a physical entity.

What are physical assets?
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