What are Real Estate, Tangible and Intangible Assets?
Real Estate is land and its permanently attached buildings, structures, and land improvements Tangible assets are man-made, physical movable objects. The asset’s value lies in its physical being. Tangible assets are something that you can touch, which was transported to its present location and not permanently attached to the real estate. Intangible assets are man-created, intellectual property. The asset’s value lies in what it can do. Examples are patents, copyrights, and software.