Any assets that a business will sell or use up within one year are considered current assets. See the full list of current assets with examples.

Current Assets and Fixed Assets While businesses have assets in all the categories above, there are two additional types of assets worth mentioning here: current assets and fixed assets.

In simple terms, fixed assets are items that have a life span of one year or longer. Cash in the business current account would not be a fixed asset because you're going to use it up within the ...

Fixed assets are crucial for businesses, affecting financial health and strategy. Learn about types, depreciation, and ...