A physical asset is a tangible item that has value and is owned by an individual or organization. Examples of physical assets include:
- Real estate, such as a house or commercial building
- Vehicles, such as cars, trucks, or airplanes
- Equipment, such as computers, machinery, or tools
- Inventory, such as raw materials or finished goods
- Collectibles, such as art, stamps, or coins
Physical assets can be used to generate income or contribute to the production of goods or services. They can also appreciate in value over time.