Tangible assets are physical assets that can be seen and touched, such as buildings, equipment, and inventory. These assets have a finite lifespan and can be valued based on their market price or cost of acquisition. Tangible assets can be bought, sold, or used as collateral for loans or other financial instruments.

In contrast, intangible assets are assets that cannot be seen or touched, such as patents, trademarks, and goodwill. These assets do not have a physical presence and can be more difficult to value. Intangible assets are often created through research and development, branding, or other intangible means.

Overall, the main difference between tangible and intangible assets lies in their physical presence and the ease with which they can be valued and exchanged.

Tangible assets are physical assets with a definite monetary value that can be touched, seen, or measured. Examples include real estate, machinery, inventory, and vehicles. These assets provide intrinsic value and can typically be bought, sold, or used in operations.

On the other hand, intangible assets lack physical substance but still hold value. They include intellectual property such as patents, copyrights, trademarks, and goodwill. Intangible assets contribute to a company's competitive advantage, brand recognition, and future earning potential. Unlike tangible assets, their value is derived from rights and privileges rather than physical properties.