Answer / mohd tariq

Assets are everything of value that is owned by a person or
company. It is a claim on the property your income of a
borrower.
The two major asset classes are tangible assets and
intangible assets.
Tangible assets including current assets and fixed
assets.Intangible assets are nonphysical resources and
rights that have a value to the firm because they give the
firm some kind of advantage in the market place. For
example goodwill, copyrights, trademarks, patents and
computer programs.

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