CAPEX is defined here as funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment.
The video states that "the value of the capital expenditure is added to the company's asssets. The value is reduced every year through through depreciation and amortization"
But amortization typically applies to intangible assets. So there seems to be a contradiction here. Is CAPEX limited to tangible assets or does it also cover intangible assets?
If it's relevant, I'm most interested in public US companies.