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- Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A business asset is an item of value used to generate revenue or create more value for a company. From physical property and equipment to intangible assets like intellectual property and goodwill businesses depend on a variety of assets to function. As expected, not all business assets are created equal.www.freshbooks.com/glossary/accounting/busines…A business asset is a piece of property or equipment purchased exclusively or primarily for business use. They can also be intangible items, such as intellectual property. Business assets are itemized and valued on the balance sheet.www.investopedia.com/terms/b/business-asset.asp
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