The first is that while the balance sheet includes a wide range of assets, it does not incorporate the assets that I was just talking about. 4 The assets that are included are manmade physical assets – such as buildings, infrastructure, and plant and equipment – as well as land, weapons systems, livestock and timber, inventories and known mineral resources.
A number of intangible assets are also included, such as computer software, some intellectual property, and research and development assets. So it is a broad list of both private and public assets, but not a universal list.