Final answer:
The subclassifications of assets include bonds, which are financial assets, tangible assets, and intangible assets.
Step-by-step explanation:
The subclassifications of assets can vary, but excluding one commonly considered subclassification are bonds, which are a common mechanism for borrowing used by the federal and local government, private companies, and nonprofit organizations. Bonds are classified as financial assets and are considered a type of investment.
Another common subclassification is tangible assets, which include items like property, equipment, and inventory. These are physical assets that can be seen and touched, and they provide value to a company or individual.
A final subclassification worth mentioning is intangible assets, which include things like patents, copyrights, and trademarks. These are non-physical assets that have value and can be used to generate income.