How to Identify Tangible Assets in a Sporting Goods Company
In a sporting goods company that sells outdoor apparel and camping supplies, tangible assets are physical items that the company owns. These assets can be used to generate revenue for the business. Tangible assets include products like camping gear, outdoor clothing, equipment, buildings, and cash reserves.
Understanding Tangible Assets
Tangible assets are different from intangible assets, which are non-physical assets such as brand recognition or intellectual property. Tangible assets can be handled, used, and sold to generate income. They are important for the company's operations and financial health.
Examples of Tangible Assets in a Sporting Goods Company:- Outdoor apparel
- Camping supplies
- Equipment
- Buildings
- Cash reserves
Identifying and managing tangible assets is crucial for the success of a sporting goods company. These physical items contribute to the company's value and play a significant role in generating revenue.