Tangible capital assets (TCA) is the public sector accounting term for physical assets with useful lives extending beyond one year that municipalities own and use to deliver services. TCAs include infrastructure (roads, water systems, bridges), buildings, vehicles, equipment, and land improvements. Public sector accounting standards require municipalities to record TCAs at cost, track them in asset registries, and recognize amortization (depreciation) as an expense over the assets' useful lives. TCA accounting provides information about infrastructure investment and condition that simpler cash-based accounting misses. Understanding TCA values and condition helps municipalities plan capital reinvestment. TCA reporting requirements have improved visibility into municipal infrastructure but also added accounting complexity.