What are some examples of assets?

Some examples of assets include property, plants, and equipment (PP&E), which covers everything from heavy machinery to building space, inventory, investments, accounts receivable, and cash and cash equivalents. How do you value the different types of assets? The valuation of different types of asset differs based on their characteristics.

What are the different types of assets?

An asset is a resource owned or controlled by an individual, corporation, or government with the expectation that it will generate a positive economic benefit. Common types of assets include current, non-current, physical, intangible, operating, and non-operating.

What are assets in accounting?

Assets are one of the key building blocks of accounting that holds the entire accounting equation together. In this guide, I explain the meaning and concept of assets in accounting, their various types, classifications, and examples. Be sure to check out the interactive quiz at the end of the post to test your understanding!