This classification refers to the assets’ physical existence. 

Tangible

These are the assets that can be touched, seen, or felt, and they include:

• Land
• Buildings
• Machinery
• Tools
• Office supplies
• Cash
• Marketable securities

Intangible

These are the assets that lack physical existence, and they include:

• Goodwill
• Trademarks
• Patents
• Brand
• Copyrights
• Corporate intellectual property