Tangible Assets refers to the physical assets of a business entity. The broad mix of tangible assets includes items like land, buildings, plant, equipment, vehicles, inventory, cash, and accounts receivable. Tangible assets are referred to as “fixed assets”. In business valuation analysis, the Valuation of Fixed Assets involves the applications of analytical tools to determine the fair market value of such assets which is normally performed by professionals with the requisite training, certifications, and credentials for the different categories of fixed assets. In business valuation analysis, the valuation of tangible or fixed assets is an important input in the normalisation of the statement of financial position (balance sheet), an important analytical step when determining the fair market value of business entities. The International Accounting Standards (IAS) 16 requires firms which have adopted the revaluation model for their fixed assets to revalue fixed assets annually to determine their fair market value for financial reporting.