Financial Terms / asset

# Types of Assets & Their Value

Assets are valuable resources that can be used to generate economic gain. They are listed on a company's balance sheet, classified as current, fixed, financial, and intangible, and can increase a company's value, generate cash flow, and reduce expenses.

## Formula

``Total Assets = Current Assets + Long-term Assets + Intangible Assets.``

## How do I calculate the asset?

`It is important to understand how to accurately calculate total assets in order to analyze a company's financial health. Total assets can be calculated by adding the sum of current assets, long-term assets, and intangible assets. This calculation can be done manually or using programs such as Sourcetable. The formula for calculating total assets is: `Total Assets = Current Assets + Long-term Assets + Intangible Assets.``

## What is the 50 percent rule?

`The 50 percent rule applies to entities owned 50 percent or more in the aggregate by one or more blocked persons, shares of an entity through another entity, and indirect ownership.`

## What does OFAC recommend?

`OFAC encourages people to take due diligence on valid OFAC matches.`

## Key Points

How do I calculate asset?
`Total Assets = Current Assets + Long-term Assets + Intangible Assets.`
Ownership
An asset is owned or controlled by an individual, corporation, or country. This means that whoever owns an asset will have control over it and will be able to make decisions about it.
Balance Sheet
An asset is reported on a company's balance sheet. This means that it is part of the company's financial records and is important for understanding the company's financial situation.
Classification
An asset is classified as current, fixed, financial, or intangible. These classifications are important for understanding the type of asset, its value, and how it will be used.