What is a term for the elements of a balance sheet?

A balance sheet has three elements: Owners equity, liabilities and assets.

What are the elements of assets?

There are three key properties of an asset:

• Ownership: Assets represent ownership that can be eventually turned into cash and cash equivalents.
• Economic Value: Assets have economic value and can be exchanged or sold.
• Resource: Assets are resources that can be used to generate future economic benefits.