What does a physicist see when looking at the NFT market?

The market for collectible digital assets, or non-fungible tokens, is an interesting example of a physical system with a large scale of complexity, non-trivial dynamics, and an original logic of financial transactions. At ...

A quest to digitize 1 million plant specimens

The Australian National Herbarium in Canberra is imaging nearly a million plant specimens using an automated system developed by Netherlands company Picturae.

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Asset

In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset).

The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.

Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place. Examples of intangible assets are goodwill, copyrights, trademarks, patents and computer programs, and financial assets, including such items as accounts receivable, bonds and stocks.

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