By Perpetua Mwangi
Tangible assets have long been used to assess the value and determine the competitiveness of any enterprise in the market place. It is thus inconceivable for any enterprise not to have a list of its tangible assets. Over the years, there has been a paradigm shift as a result of the growing importance of the knowledge economy and dominance of information technologies revolution. This shift has seen intangible assets significantly become more valuable than tangible assets.
According to Forbes 2015, the current leading brand is Apple with an estimated brand value of $145.3 Billion, with brand revenue of $182.3 Billion.
For any going concern today, assets may be broadly divided into two categories; Tangible assets which includes machinery, buildings, land, current assets and intangible assets.