How many kinds of assets?

Assets can be broadly categorized into two main types: tangible and intangible. Tangible assets include physical items like real estate, machinery, and inventory, while intangible assets encompass non-physical items such as patents, trademarks, and goodwill. Additionally, assets can be classified further into current assets (easily convertible to cash within a year) and non-current assets (long-term investments). This classification helps in financial reporting and analysis.