Assets

An asset is anything that holds economic value and is owned by an individual, company, or group. Assets can take various forms, including physical items like property or machinery, or intangible items like patents or stocks. They are acquired with the expectation that they will generate returns or benefits in the future, either through income, capital appreciation, or other forms of value. Assets are classified into categories such as current assets, fixed assets, and intangible assets, depending on their nature and intended use.