Tangible example sentences

Management is an intangible force: Management is an intangible force that cannot be seen but its presence can be felt in the way the organisation functions.Merchandise means goods that are tangible, i.e., those that can be seen and touched.It is because of the intangible aspect of services that trade in services is also known as invisible trade.General Agreement on Trade in Services (GATS): Services means acts or performances that are essentially intangible and cannot be touched or smelt as goods.The procedure for amortisation or periodic write-off of a portion of the cost of intangible assets is the same as that for the depreciation of fixed assets.According to Chief Justice Marshal, “a company is a person, artificial, invisible, intangible and existing only in the eyes of law.Amortisation refers to writing-off the cost of intangible assets like patents, copyright, trade marks, franchises, leasehold mines which have entitlements to use for a specified period of time.Merchandise exports and imports, also known as trade in goods, include only tangible goods and exclude trade in services.Service exports and imports involve trade in intangibles.Social support may be in the form of tangible support or assistance involving material aid, such as money, goods, services, etc.When viewed from this perceptive, it is clear that while merchandise exports means sending tangible goods abroad, merchandise imports means bringing tangible goods from a foreign country to one's own country.There are differing accounting policies for valuation of stock, calculation of depreciation, treatment of intangibles, definition of certain financial variables, etc.To illustrate, valuing closing stock at cost or market value whichever is lower; creating provision for doubtful debts, discount on debtors; writing of intangible assets like goodwill, patents, etc.