According to their form, assets can be divided into the following types:
Intangible assets
These are property rights that do not have a physical form and can provide the company with income over a long period of time. Such assets are classified as non-current and may include patents, copyrights, trademarks, brands, licenses, goodwill and other objects that meet certain conditions, such as the ability to provide benefits to the company and the availability of documents confirming the right to dispose of the asset.
Material assets
This is the physical property turn leads into sales with overseas chinese in worldwide data of an enterprise, which can be represented in the form of various material objects, such as land plots, buildings, vehicles, raw materials for production and finished products. These resources can be classified as both current and non-current, depending on the method of their use in the company's business processes.
Types of company assets
Financial assets
This type can be either current or non-current. This category includes resources that can be used as money or its equivalent. These assets include cash in various currencies in bank accounts or at the cash desk, as well as other items such as accounts receivable, bank deposits, securities, etc.
Own and attracted assets
A company's own assets are those that have been acquired for operation, while borrowed assets are those that have been rented for a long term or obtained on lease. At the end of the lease period and the purchase of the asset, it becomes the property of the company.
Companies with a high level of personal assets are usually more financially stable because they can liquidate their assets if necessary, while borrowed resources impose an additional financial burden on them.
Production and non-production assets
Production assets are those that are involved in the production of the company's final product. Non-production assets are those that are used by the company for its own needs but are not involved in the production cycle, such as office furniture, an accountant's computer, or a director's company car. It is important to note that identical objects can be classified differently depending on their use. For example, a production building will be classified as production property, while an administrative building will be classified as non-production property.
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