What is an asset? Are cryptocurrencies assets?

[ClubMan]

I am just interested that an asset can be created out of nothing.

Nothing but a lot of electricity?

 

[Annieindublin]

If you have it and someone else wants it it has value…

Intellectual property is an asset. Is that created from nothing?

Goodwill is an asset. The sort created when you sell a business

Intangible assets are assets

 

[Fortune]

My favourite is the Irish £1punt

The note rather than the coin?

I still think we missed out by having the national emblem on the obverse of Irish Euro coins, rather than retaining the hare, salmon, etc.

 

[Fortune]

Intangible assets are assets

I was hoping we'd get through this without having to refer to the various accounting standards; IAS 38 in this case.

 

[Duke of Marmalade]

ChatGPT on the OP question