What is the difference between goodwill and tangible assets?



A:

Companies can own two type of assets: tangible and intangible.

Tangible assets are assets that take physical form. These are made up of fixed assets, such as buildings, vehicles and machinery. They are also composed of current assets, which include cash and inventory. Goodwill is a form of intangible asset, along with the likes of contracts and patents. Although an intangible asset does not have a physical form,…



http://www.investopedia.com/ask/answers/010815/what-difference-between-goodwill-and-tangible-assets.asp?utm_campaign=rss_faqs&utm_source=rss_www&utm_medium=referral