Real assets or (Non-monetary assets) are items a company holds for which it is not possible to precisely determine a dollar value. These are assets whose dollar value may fluctuate substantially over time. A company may need to change its real assets as the assets wear out or become obsolete. An example of this would be factory equipment and vehicles. Generally speaking, real assets are assets that appear on the balance sheet but are not readily or easily convertible into cash or cash equivalents.