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Asset Category

An asset represents any resource owned or controlled by an individual, company, or organization that holds economic value and can generate future benefits. Assets are classified into tangible items like property, equipment, and inventory, as well as intangible assets such as patents, trademarks, and goodwill. Accurate asset management is crucial for financial reporting, investment analysis, and strategic planning, ensuring optimal utilization and value maximization. Understanding asset liquidity, depreciation, and amortization enhances effective decision-making in asset allocation and risk management.