Difference Between Tangible Non Current Assets And Intangible Non Current Assets
Tangible N on Current Assets or Tangible Fixed Assets are physically touched and seen while Intangible N on Current Assets or Intangible Fixed Assets are invisible which can’t be seen and touched. Depreciation is Charged on Tangible N on Current Assets while Amortization is applied on Intangible N on Current Assets. Examples of Tangible N on Currents Assets are Land & B uildings, Furniture and Fixture, Plant and Machinery, etc. while examples of Intangible N on Current Assets are Goodwill, Patents, Copyrights, Licenses, etc.