Assets and Its Types

Assets 

"Assets are any valuable thing that are purchase or acquire for an organization that run the Business Activities " 

" An asset is an item of economic value that is expected to yield a advantage to the owning entity in up coming periods. If an expenditure is instead consumed within the present period, it is classified as an expense."

"A business having a Large number of assets can be viewed as being more valuable than one with fewer assets; however, these assets are acquired with capital, which is expensive. Consequently, if the return generated by the assets is less than the return expected by investors, the assets are actually destroying value for the investors."

Assets are most important for the business it is the life blood for every organization. If a man having no blood in body cannot stay long time same as the business if there are more assets or less assets then the requirement it is very difficult to run a business Assets are the main importance in business that show the worth of an organization 

Some Assets have a physical position but some business have no physical position but that are more important as compare to the physical Assets just like Good will,Copy Right these type of assets are more important to the Serves Business 

Just like an example A Doctor having huge of Equipment and Machinery as will as well decorated Hospital but he is not expert in his field no one like to go on his hospital. On the Other hand a Doctor having important equipment but full expert in his field every Patient want to go on his hospital 

Here are some Types of Assets 

List of Assets