When all or part of the value of an An asset is anything of value that can be converted into cash. It is capable of producing value and can be realised as cash. Examples of assets include property, investments, land, machinery and equipment, bonds, stocks and shares, jewellery, cars, insurance policies, intellectual property etc. From an accounting perspective, assets are divided into 2 major asset classes
Tangible Assets - including 'Fixed Assets' (property; plant and equipment etc.) and 'Current Assets' (stock;inventory etc.)
Intangible Assets - (patents; trademarks; copyrights; goodwill etc.) including financial assets (bonds;stocks;shares etc.)
An asset is a financial benefit recorded on a balance sheet. (e.g. an investment) as shown in an organisation’s accounts is reduced.
In respect of an investment, this may occur when the investor considers there is no likelihood of any recovery of the amount invested