Assets - What are property assets?

Q: What are property assets?

Examples of property, which may be tangible or intangible, include automotive vehicles, industrial equipment, furniture, and real estate--the last of which is often referred to as `real property.` Most properties hold current or potential monetary value and are therefore considered to be assets.

Answer

Automobiles, farm machinery, home furnishings, and, most often, real estate are all forms of property, which can be either physical or abstract. A property is an asset if it has any kind of monetary worth, either now or in the future.

Assets - What are property assets?

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