Assets

Assets are resources with economic value that are owned or controlled by an individual, company, or government with the expectation that they will provide future benefits.

These items can be tangible, like real estate, equipment, and inventory, or intangible, such as patents, trademarks, or goodwill.

Assets are typically acquired through purchase, investment, or as the result of a past transaction. They are recorded on a balance sheet and play a central role in determining financial health and stability.

Common types include:

• current assets (e.g., cash, accounts receivable)
• fixed assets (e.g., machinery, buildings)
• and financial assets (e.g., stocks, bonds).

The value of assets can fluctuate over time due to market conditions or usage.