Question

What is the difference between tangible wasting assets anf non tangible wasting assets​

Answer 1

First, you must have a clear concept of what a wasting asset is. It is an asset that have a fixed lifetime. Thus, it decreases its value through the years.

Now, the difference between Tangible wasting assets and Nontangible wasting assets is that tangible wasting assets occupy and inventory or a space e.g. Natural gas, Copper, Coal. Contrarily, intangible wasting assets are not material, they can’t be touched. e.g. intellectual property and goodwill.