What are business assets?

Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property . A business asset is a piece of property or equipment purchased exclusively or primarily for business use.

What are examples of business assets?

Physical assets include things like property, equipment, and inventory. Examples of intangible assets are intellectual property, goodwill, and branding. All business assets are essential and contribute in some way to the company’s success. What Is a Business Asset?

What is an asset?

An asset is a resource with economic value that an individual or company owns or controls with the expectation that it will provide a future benefit.