The various types of fixed assets are a little different, however. Fixed assets can be tangible or intangible such as: Tangible Assets – These include things such as land, buildings, equipment, leaseholds on equipment, vehicles, signs, and furniture and fixtures. Intangible Assets – These can include goodwill, patents, registered or trademarked names, and even telephone numbers, intellectual property, and websites if you ever plan on selling your business. It’s easier to place a value on and depreciate tangible fixed assets versus intangible fixed assets.
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