Assets
A resource:
(a) controlled by an enti ty as a resul t of past events; and
(b) from which future economic bene¬ ts are expected to ow to the entity.
[IAS 38]
Asset accounting definition refers to those resources a company owns and come with an economic value not only valuable tomorrow, but also measurable and expressible in monetary terms. Assets in accounting are categorized either as intangible or tangible. For those examples of assets in accounting you can actually touch and see and come in physical form such as apartments, they're considered as tangible assets. On the other hand, some assets are largely concepts and hardly physical and cannot be touched or seen. They lack a physical form and include assets such as trade name, domain names, trademarks, patents, copyrights and mailing lists among others.
Assets in accounting must be reported within a balance sheet and form a critical composition of the main accounting equation that indicates that Liabilities plus Stakeholder's/Owner's Equity are equal to Assets.
Schuetze, W. P. 1993. What is an asset? Accounting Horizons 7 (September): 66- 70.
https://www.jstor.org/stable/40698534?seq=1
https://pdf.wondershare.com/accounting/assets-in-accounting.html