Tangible assets are assets that have a physical form and can be touched. They are recorded on the balance sheet, usually as a long-term asset. Tangible assets are different from current assets, such as cash or bank accounts, because the latter are liquid assets. Examples of tangible assets include land, buildings, vehicles, furniture, office equipment, computers, fixtures and fittings, and plant and machinery. Tangible assets can typically always be transacted for some monetary value, though the liquidity of different markets will vary. Tangible assets are usually less liquid than intangible assets, which have a theorized value rather than a transactional exchange value. Fixed assets are the most common type of tangible assets.