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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
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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