Tangible Fixed Assets are physical assets that a business owns and uses as part of their operations. Examples include items such as buildings, vehicles, machinery, furniture, and equipment. While these assets wear out or become obsolete over time, they often must be replaced to maintain a company’s operations. These assets are recorded on a company’s balance sheet and depreciated over their useful lives according to regulatory guidelines. The important thing to keep in mind is that tangible fixed assets represent an important investment for any business, and should be managed and maintained with care.