Which type of assets can be seen or touched?

Tangible assets are physical items that can be seen, touched, or measured. This includes items such as real estate, equipment, vehicles, and inventory. They play a crucial role in financial statements as they are essential for operations and hold intrinsic value.

Intangible assets, on the other hand, while valuable, do not have a physical presence. Examples include trademarks, patents, and goodwill. Current assets refer to items that are expected to be converted into cash or consumed within one year, while fixed assets are long-term investments that are not easily converted to cash. While both current and fixed assets can include tangible components, the defining characteristic of tangible assets specifically relates to their physical nature.