What type of assets can be appraised by value or can be seen or touched?

Tangible assets are physical items that can be appraised by their value and can be seen or touched. These assets typically include items such as machinery, buildings, vehicles, and inventory. The ability to physically recognize and quantify these assets makes them distinct from other types of assets, such as intangible assets, which cannot be seen or touched. Intangible assets include things like patents, trademarks, and goodwill, which represent value but are not physically tangible.

Current assets and fixed assets are classifications that describe the use or lifespan of the items rather than their physical nature. Current assets are those expected to be converted into cash within a year, while fixed assets are long-term resources used in business operations. However, both current and fixed assets can include both tangible and intangible assets, thus not specifically fitting the definition provided in the question.

Focusing on tangible assets, these are critically important in the context of appraisal as they can provide a concrete basis for valuation in financial assessments and investment decisions.