What Is an Asset? An asset is a resource owned by an individual or organization which provides economic value. This includes cash, equipment, property, rights, or anything that helps a company generate revenue or reduce expenses., What are Assets in Accounting? Definition: An asset is a resource that has some economic value to a company and can be used in a current or future period to generate revenues. These resources take many forms from cash to buildings and are recorded on the balance sheet until they are used., What Is An Asset? An asset is a resource that is owned or controlled by an individual, corporation, or government with the expectation of producing a positive economic benefit. An asset can generate cash flow, lower expenses, or increase sales, and it can be either tangible (such as machinery) or intangible (such as copyright)., What are Assets? Assets are items that you own and may exchange for money. An asset is anything that a company owns or manages in accounting. It includes anything that can be traded for money. The examination of a balance sheet and its assets and liabilities assists us in determining its equity value., ASSET definition: 1. a useful or valuable quality, skill, or person: 2. something valuable belonging to a person or…. Learn more., An asset is a resource with a monetary value that a person, business, or country owns or manages with the hope that it will bring benefits in the future. Assets are listed on a company's balance sheet and are bought or built to make the company more valuable or to help it run better..