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Tangible Cost Definition
A tangible cost is a business's quantifiable cost that is connected to an identifiable source or asset.
Intangible Cost Definition
An intangible cost is an unquantifiable cost emanating from an identifiable source that can impact, usually negatively, overall company performance.
Inventory Carrying Cost Definition
Inventory carrying cost, or carrying costs, is an accounting term that identifies all of the expenses related to holding and storing unsold goods.
How Do Tangible and Intangible Assets Differ?
Tangible assets are physical assets that are used in a company's operations. Intangible assets are nonphysical, long-term intellectual property assets.
Marginal Social Cost (MSC)
Marginal social cost (MSC) is the total cost to society as a whole for producing one further unit, or taking one further action, in an economy.
Price to Tangible Book Value (PTBV) Definition
Price to tangible book value (PTBV) measures a company's market value relative to its hard or tangible assets reported on its balance sheet.
Tangible Asset Definition
A tangible asset is an asset that has a finite, transactional monetary value and usually a physical form.
Tangible Personal Property
Tangible personal property is a tax term describing personal property that can be physically relocated, such as furniture and office equipment.
Successful-Efforts vs. Full-Cost Accounting
The successful-efforts and full-cost accounting methods differ in how they treat operating expenses related to the crude oil and natural gas industry.
How Are Cost of Goods Sold and Cost of Sales Different?
Cost of goods sold and cost of sales both represent direct costs involved in production. However, some companies use one term rather than the other.