What are different types of physical assets?

physical assets are tangible items owned by a business or individual. In general, these assets have a certain value and can be sold if necessary to obtain cash. Physical assets are the opposite of intangible assets, including patents, shares and intellectual property. Businesses monitor these assets in the balance sheet of a company that is used to help managers and investors to determine the value of business. Common examples of physical assets include equipment, real estate, supplies and cash.

If the company owns a property or property, this property is considered a physical asset. This may include the land where the company's headquarters are located, as well as land used for warehouses, production and retail sites. Any buildings or other structures on Earth are also physical assets. Materials and accessories in buildings such as lights, doors, hardware and cooling units, can also be sold for cash and therefore serves as a physical asset. Involced in mining, inLipping or logging may have significant physical assets in the form of soil, including wood or natural sources found on the land. This includes trucks and company vehicles, as well as tables, office furniture and supplies. In a manufacturing or industrial company, equipment and tools can have significant value, especially in large or relatively new devices. Other equipment includes consumables, company computers, printers, fax machines and even telephone systems.

Physical assets also include unsold stocks in the finished and unfinished state. This may apply to complete products that must still be delivered to stores, or simply for raw materials used to produce these products. For example, at the electronics plant all mechanical and electricity components used to produce final products can be sold for cash. The same applies to finished electronics such as TVs orAbout computers that have not yet been delivered to retailers. Even the raw materials and stocks for which they have been paid but have not yet arrived can be considered a physical asset.

The company's physical assets may also include cash and other financial items. This includes cash at hand and cash held in banks and investment accounts. Shares and bonds that can be transferred to cash are also considered physical assets, while the company's own shares are not included in this category.