Which of the following describes a tangible asset?

A tangible asset is a physical asset that can be seen and touched, holding intrinsic value due to its physical form. In this context, machines used in production are a clear example of tangible assets because they represent physical items that a business can utilize in operations and that provide measurable value.

On the other hand, goodwill, patents, and trademarks are classified as intangible assets. Goodwill refers to the value of brand reputation and customer relationships, patents are legal rights protecting inventions or processes, and trademarks represent recognizable signs or symbols associated with a business. All these are non-physical in nature and do not have a tangible form, which distinguishes them from tangible assets like machines.