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What are Tangible Assets? - Definition & Examples

Instructions:

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question 1 of 3

Which of the following is NOT a tangible asset?

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1. Which of the following is NOT a characteristic of a tangible non-current asset?

2. What is depreciation?

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About This Quiz & Worksheet

This multiple-choice quiz and worksheet will quickly test your knowledge of tangible assets. The quiz consists of five short multiple-choice questions, including questions requiring calculations related to tangible assets.

Quiz & Worksheet Goals

You will be tested on the following topics:

  • Examples of tangible assets
  • Characteristics of tangible non-current assets
  • Meaning of 'depreciation'
  • Formula to calculate the carrying value for tangible non-current assets
  • Determining the costs to record upon purchase of a new machine

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about tangible assets
  • Interpreting information - verify that you can read information about 'depreciation' and interpret it correctly
  • Information recall - access the knowledge you've gained regarding characteristics of tangible non-current assets

Additional Learning

Learn more about this topic with the lesson titled What are Tangible Assets? - Definition & Examples. Below are examples of what you will find in this lesson:

  • Overview of tangible assets
  • Example of how to determine the cost of a tangible asset
  • Exclusion of intellectual property in tangible assets
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