What are examples of business assets?

Physical assets include things like property, equipment, and inventory. Examples of intangible assets are intellectual property, goodwill, and branding. All business assets are essential and contribute in some way to the company’s success. What Is a Business Asset?

What is an asset in accounting?

In everyday lingo, an asset is a valuable thing, person, or trait. For instance, a particularly skilled employee might be an asset to their team. In the business accounting world, the definition of an asset is a little more specific, but not by much: an asset is anything a business owns that should prove financially valuable down the road.

What are business assets?

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 . A business asset is a piece of property or equipment purchased exclusively or primarily for business use.