What is asset?
1 answer
An asset is a resource or property owned by an individual, company, or organization that has economic value and can be utilized to generate future benefits. Assets can take various forms, including cash, stocks, real estate, equipment, intellectual property, or even intangible assets like brand reputation. Assets are typically recorded on a balance sheet and are classified as either current (short-term) or non-current (long-term) assets, depending on their expected period of use or realization.