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Types of Asset

5 Types of Asset

 , updated on March 23, 2021
An asset is a resource that you own or control that is expected to produce future economic value. Assets are divided into various categories for the purposes of accounting, taxation and to measure the value or financial health of an entity. The following are a few major types of assets.

1. Tangible Assets

Tangible assets are any assets that have a physical presence. Examples include cash, stocks, bonds, property, buildings, equipment, inventory, precious metals and art.

2. Intangible Assets

Intangible assets are assets that have no physical presence. Examples include patents, copyrights, goodwill and trademarks. It is usually difficult to determine the value of intangible assets.

3. Financial Asset

A financial asset is an asset that has a value that's based on a contract. Examples include cash, stocks, bonds and derivatives.

4. Fixed Assets

Fixed assets are long-lived assets that cannot be easily converted into cash. Examples include property, buildings, equipment and furniture.

5. Current Assets

Current assets include cash and assets that are expected to be converted into cash, consumed or expended in the next year or current operating period.


This is the complete list of articles we have written about asset.
Asset Tracking
Capital Asset
Current Assets
Data Asset
Digital Asset
Financial Asset
Fixed Asset
Fixed Assets
Home Inventory
Intangible Assets
Personal Assets
Personal Property
Tangible Assets
More ...
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