What are the different types of assets? There are several different types of assets, which can be classified based on their characteristics and expected useful life. Here are some of the most common types of assets: Tangible assets: These are physical assets that have a measurable value and can be touched, such as real estate, vehicles, equipment, and inventory. Intangible assets: These are assets that do not have a physical form, such as patents, copyrights, trademarks, and goodwill. Current assets: These are assets that are expected to be converted into cash within one year, such as cash and cash equivalents, accounts receivable, inventory, and short-term investments. Non-current assets: These are assets that are expected to provide economic benefits beyond one year, such as property, plant, and equipment, long-term investments, and intangible assets. Financial assets: These are assets that represent a financial claim on another entity, such as stocks, bonds, and derivatives. Natural resources: These are assets that are extracted from the earth and have economic value, such as oil, gas, and minerals. Human resources: These are assets that represent the value of an organization’s employees, including their skills, knowledge, and experience. Overall, the type of asset a company or individual owns will depend on the nature of their business or personal activities.