Which of the following is true regarding tangible property?

Tangible property consists of physical items that can be seen and touched. This includes assets like land, buildings, machinery, and vehicles. These items are concrete and have a physical presence, distinguishing them from intangible assets, which do not have a physical form, such as patents or trademarks.

Tangible property is categorized into real property (land and buildings) and personal property (movable items). The focus of the correct answer lies in recognizing that tangible property is inherently defined by its physical characteristics, which is fundamental in property appraisal and assessment.

The other options are not accurate representations of tangible property. For instance, tangible property is precisely characterized by its visibility and physicality, so the notion that it cannot be seen is false. Similarly, tangible property does not include intangible rights, which are distinct from physical items. Lastly, while tangible property can include personal property, it is not limited to it, as it also encompasses real estate, therefore it cannot be accurately categorized as always being personal property.