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Assets can be defined as resources with economic value that an individual, corporation, or country...

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Accounting

Assets can be defined as resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. According to the accounting standards, assets can be classified into 5 major categories. Your role is to search for these categories and to describe each category using your own words.

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