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Tangible assets

Distinctions Between Tangible and Intangible Long-Term Assets

December 17, 2023

What are the differences between tangible and intangible noncurrent assets?

Tangible noncurrent assets have physical substance and include items like property, plants, and equipment. Intangible noncurrent assets lack physical presence and encompass intellectual property, patents, trademarks, and goodwill. Valuation, useful life, and treatment differ significantly between these two categories.

Tags : Noncurrent Assets , Tangible Assets , Intangible Assets

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