Types of Assets
Two major types:
· Tangible assets
· Intangible assets
Tangible Assets
Tangible assets are those have a physical substance, such as equipment and real estate.
Intangible Assets
Intangible assets lack physical substance and usually are very hard to evaluate. Assets which do not possess any material value. They include patents, copyrights, franchises, goodwill, trademarks, trade names, etc.