Difference Between Tangible Non Current Assets And Intangible Non Current Assets

Tangible Non Current Assets or Tangible Fixed Assets are physically touched and seen while Intangible Non Current Assets or Intangible Fixed Assets are invisible which can’t be seen and touched.

Depreciation is Charged on Tangible Non Current Assets while Amortization is applied on Intangible Non Current Assets.

Examples of Tangible Non Currents Assets are Land & Buildings, Furniture and Fixture, Plant and Machinery, etc. while examples of Intangible Non Current Assets are Goodwill, Patents, Copyrights, Licenses, etc.