What is Asset?

An asset is a resource with economic value that an individual, company, or organization owns or controls with the expectation that it will provide future benefit. Assets can be tangible, such as buildings, equipment, and inventory, or intangible, such as patents, trademarks, and goodwill. They are commonly used as collateral for loans, for generating income, and for increasing the overall value of an entity. Assets can also be digital, such as software, data, and cryptocurrency.