Asset is an economic resource that can be owned or controlled to return a profit or a future benefit. It is important to note that the term "asset" can also refer to intangible resources such as skills and knowledge.The definition of an asset is very broad, but it generally refers to something that has value in the present and the future. Assets are usually classified as either current assets or long-term investments, with current assets being those assets which will be converted into cash within one year.Examples of current assets include cash, accounts receivable, inventory, and marketable securities. Examples of long-term investments include real estate and equipment for a business.
