Fixed Or Tangible Assets Definition

There are many definitions of fixed assets or tangible assets. Fixed assets are long-term investments, and usually, include land, buildings, equipment, vehicles, and machinery. These assets are not easily converted into cash and typically have a useful life of more than one year.

Tangible assets are those that have a physical form and can be touch. They can be seen and felt as opposed to intangible assets which lack physical form and existence. Examples of tangible assets include land, buildings, furniture, vehicles, machinery, equipment etc.