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- Assets are resources with economic value that a business owns or controls with the expectation of future benefit12. Assets are reported on a business's balance sheet and can be classified into different categories, such as current, fixed, financial, and intangible1. Current assets are those that can be easily converted into cash within a year, such as inventory and accounts receivable. Fixed assets are those that are used for long-term operations, such as buildings and equipment. Financial assets are those that represent investments, such as stocks and bonds. Intangible assets are those that have no physical form, such as patents and trademarks2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet. They're classified as current, fixed, financial, and intangible.www.investopedia.com/terms/a/asset.aspA business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property.www.investopedia.com/terms/b/business-asset.asp - People also ask
What Is an Asset? Definition, Types, and Examples - Investopedia
An asset is a resource with economic valuethat an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet. They're classified as current, … See more
- Current Assets
- In accounting, some assets are referred to as current. Current assetsare short-ter…
- Fixed Assets
- Fixed assets are resources with an expected life of great… See more
An asset represents an economic resource owned or controlled by, for example, a company. An economic resource is something that may be scarce and has the ability to … See more
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