Examples of assets

An asset is something that is expected to yield a benefit in a future period. If an asset is expected to be entirely consumed within the current period, then it is instead charged to expense in that period. In a business, assets are aggregated into different line items on the balance sheet. Examples of assets that are found on the balance sheet are as follows (presented in alphabetical order):

  • Bond investments

  • Building fixed assets

  • Cash

  • Certificate of deposit investments

  • Commercial paper investments

  • Computer equipment fixed assets

  • Computer software fixed assets

  • Finished goods inventory

  • Furniture and fixture fixed assets

  • Land fixed assets

  • Leasehold improvement fixed assets

  • Loans receivable from employees

  • Machinery fixed assets

  • Money market investments

  • Non-trade receivables

  • Notes receivable

  • Office equipment fixed assets

  • Parts and supplies

  • Raw materials inventory

  • Stock in other companies

  • Tools

  • Trade receivables

  • Vehicles fixed assets

  • Warrants to purchase shares

  • Work-in-process inventory

Some fixed assets are classified as intangible, and are recorded on the balance sheet within a separate line item. These items are either purchased or obtained as part of an acquisition. Examples of these intangible assets are:

  • Brand names

  • Broadcast licenses

  • Copyrights

  • Domain names

  • Easements

  • Film libraries

  • Franchise agreements

  • Goodwill

  • Landing rights

  • Licenses

  • Mineral rights

  • Patents

  • Permits

  • Royalty agreements

  • Supplier contracts

  • Trademarks

Some assets are not found on the balance sheet, typically because they are internally-generated assets or valuable processes that the accounting standards do not allow an organization to recognize as assets. Examples of these non-recognized assets are:

  • Internal quality control processes

  • Internal research and development processes

  • Staff training investments

  • The value of a brand image

Related Courses

Accounting for Intangible Assets 
Fixed Assets Accounting 
How to Audit Fixed Assets