Question

what are Assets? and it's examples. ​

Answer 1

Answer:

Key Takeaways. An asset is something containing economic value and/or future benefit. An asset can often generate cash flows in the future, such as a piece of machinery, a financial security, or a patent. Personal assets may include a house, car, investments, artwork, or home goods.

Explanation:

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Answer 2

Answer:

asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations.

Examples of assets include:

• Cash and cash equivalents.
• Accounts Receivable.
• Inventory. It is often deemed the most illiquid of all current assets - thus, it is excluded from the numerator in the quick ratio calculation.
• Investments.
• PPE (Property, Plant, and Equipment)
• Vehicles.
• Furniture.
• Patents (intangible asset)