Principle objective of this article is to Define and Discuss on Operating Assets. Here discuss Operating Assets in accounting terms. Operating assets are long‐lived assets which might be used in normal organization or business operations. They are not held for resale to help customers. Investments in operating assets are essential to the success on most businesses. There are three major categories of operating assets: property, plant, and equipment, sometimes referred to as plant assets or fixed assets; natural resources; as well as intangible assets.