Question

explain three types of assets?​

Answer 1

Answer:

• Convertibility: Classifying assets based on how easy it is to convert them into cash.
• Physical Existence: Classifying assets based on their physical existence (in other words, tangible vs. intangible assets).
• Usage: Classifying assets based on their business operation usage/purpose.

Answer 2

Answer:

Cash and cash equivalents.

Accounts Receivable.

Inventory.

Investments.

PPE (Property, Plant, and Equipment) PP&E is impacted by Capex

Vehicles.

Furniture.

Patents (intangible asset)