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The Assets which can be seen and touched physicallty are known as Tangible assets, such as Machinery, land, building, etc. The Assets which cannot be seen and touched physically, but exist for long time are called Intangible Assets, such as Goodwill, Patent, Copyright, etc. 

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The Assets which can be seen and touched physicallty are known as Tangible assets, such as Machinery, land, building, etc. The Assets which cannot be seen and touched physically, but exist for long time are called Intangible Assets, such as Goodwill, Patent, Copyright, etc.

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The Assets which can be seen and touched physicallty are known as Tangible assets, such as Machinery, land, building, etc. The Assets which cannot be seen and touched physically, but exist for long time are called Intangible Assets, such as Goodwill, Patent, Copyright, etc.&nbsp;

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The Assets which can be seen and touched physicallty are known as Tangible assets, such as Machinery, land, building, etc. The Assets which cannot be seen and touched physically, but exist for long time are called Intangible Assets, such as Goodwill, Patent, Copyright, etc.