diff --git a/lib/lunchmoney/api.rb b/lib/lunchmoney/api.rb
index 1a5bd4a..c62de42 100644
--- a/lib/lunchmoney/api.rb
+++ b/lib/lunchmoney/api.rb
@@ -208,6 +208,16 @@ def budget_calls
     # @example [Get All Assets](https://lunchmoney.dev/#get-all-assets)
     #   api = LunchMoney::Api.new
     #   api.assets
+    # @example [Create Asset](https://lunchmoney.dev/#create-asset)
+    #   api = LunchMoney::Api.new
+    #   api.create_asset(
+    #     type_name: "cash",
+    #     name: "Create Asset Test",
+    #     balance: "10.00",
+    #   )
+    # @example [Update Asset](https://lunchmoney.dev/#update-asset)
+    #   api = LunchMoney::Api.new
+    #   api.update_asset(93746, balance: "99.99")
     sig { returns(LunchMoney::Calls::Base) }
     def asset_calls
       with_valid_api_key do
diff --git a/lib/lunchmoney/objects/asset.rb b/lib/lunchmoney/objects/asset.rb
index a92f0c3..d427df6 100644
--- a/lib/lunchmoney/objects/asset.rb
+++ b/lib/lunchmoney/objects/asset.rb
@@ -35,6 +35,7 @@ class Asset < LunchMoney::Objects::Object
           "employee compensation",
           "other liability",
           "other asset",
+          "depository",
         ],
         T::Array[String],
       )
diff --git a/test/cassettes/assets/create_asset_success.yml b/test/cassettes/assets/create_asset_success.yml
new file mode 100644
index 0000000..058043e
--- /dev/null
+++ b/test/cassettes/assets/create_asset_success.yml
@@ -0,0 +1,56 @@
+---
+http_interactions:
+- request:
+    method: post
+    uri: https://dev.lunchmoney.app/v1/assets
+    body:
+      encoding: UTF-8
+      string: '{"type_name":"cash","name":"Create Asset Test","balance":"10.00","subtype_name":null,"display_name":null,"balance_as_of":null,"currency":null,"institution_name":null,"closed_on":null,"exclude_transactions":null}'
+    headers:
+      User-Agent:
+      - Faraday v2.9.0
+      Authorization:
+      - Bearer <BEARER_TOKEN>
+      Content-Type:
+      - application/json
+      Accept-Encoding:
+      - gzip;q=1.0,deflate;q=0.6,identity;q=0.3
+      Accept:
+      - "*/*"
+  response:
+    status:
+      code: 200
+      message: OK
+    headers:
+      Server:
+      - Cowboy
+      Report-To:
+      - '{"group":"heroku-nel","max_age":3600,"endpoints":[{"url":"https://nel.heroku.com/reports?ts=1706814815&sid=1b10b0ff-8a76-4548-befa-353fc6c6c045&s=f2BBwMeu8dp7BaA7%2FBuW9Cgi3dQPUrRm%2FMwVhpkABdw%3D"}]}'
+      Reporting-Endpoints:
+      - heroku-nel=https://nel.heroku.com/reports?ts=1706814815&sid=1b10b0ff-8a76-4548-befa-353fc6c6c045&s=f2BBwMeu8dp7BaA7%2FBuW9Cgi3dQPUrRm%2FMwVhpkABdw%3D
+      Nel:
+      - '{"report_to":"heroku-nel","max_age":3600,"success_fraction":0.005,"failure_fraction":0.05,"response_headers":["Via"]}'
+      Connection:
+      - keep-alive
+      X-Powered-By:
+      - Express
+      Vary:
+      - Origin, Accept-Encoding
+      Access-Control-Allow-Credentials:
+      - 'true'
+      Content-Type:
+      - application/json; charset=utf-8
+      Content-Length:
+      - '294'
+      Etag:
+      - W/"126-Hkpdff51Y9fahx2W5K2OnmlxQfs"
+      Date:
+      - Thu, 01 Feb 2024 19:13:35 GMT
+      Via:
+      - 1.1 vegur
+    body:
+      encoding: UTF-8
+      string: '{"id":93746,"type_name":"depository","subtype_name":null,"name":"Create
+        Asset Test","display_name":null,"balance":"10.0000","balance_as_of":"2024-02-01T19:13:35.714Z","closed_on":null,"created_at":"2024-02-01T19:13:35.715Z","currency":"cad","institution_name":null,"exclude_transactions":false}'
+  recorded_at: Thu, 01 Feb 2024 19:13:35 GMT
+recorded_with: VCR 6.2.0
diff --git a/test/cassettes/assets/update_asset_success.yml b/test/cassettes/assets/update_asset_success.yml
new file mode 100644
index 0000000..ef8356f
--- /dev/null
+++ b/test/cassettes/assets/update_asset_success.yml
@@ -0,0 +1,56 @@
+---
+http_interactions:
+- request:
+    method: put
+    uri: https://dev.lunchmoney.app/v1/assets/93746
+    body:
+      encoding: UTF-8
+      string: '{"type_name":null,"name":null,"balance":"99.99","subtype_name":null,"display_name":null,"balance_as_of":null,"currency":null,"institution_name":null,"closed_on":null,"exclude_transactions":null}'
+    headers:
+      User-Agent:
+      - Faraday v2.9.0
+      Authorization:
+      - Bearer <BEARER_TOKEN>
+      Content-Type:
+      - application/json
+      Accept-Encoding:
+      - gzip;q=1.0,deflate;q=0.6,identity;q=0.3
+      Accept:
+      - "*/*"
+  response:
+    status:
+      code: 200
+      message: OK
+    headers:
+      Server:
+      - Cowboy
+      Report-To:
+      - '{"group":"heroku-nel","max_age":3600,"endpoints":[{"url":"https://nel.heroku.com/reports?ts=1706815145&sid=1b10b0ff-8a76-4548-befa-353fc6c6c045&s=UKWGfVf7ep58%2FB6nXlsfIWhvtQ0agOCk4Cjw26OXPM8%3D"}]}'
+      Reporting-Endpoints:
+      - heroku-nel=https://nel.heroku.com/reports?ts=1706815145&sid=1b10b0ff-8a76-4548-befa-353fc6c6c045&s=UKWGfVf7ep58%2FB6nXlsfIWhvtQ0agOCk4Cjw26OXPM8%3D
+      Nel:
+      - '{"report_to":"heroku-nel","max_age":3600,"success_fraction":0.005,"failure_fraction":0.05,"response_headers":["Via"]}'
+      Connection:
+      - keep-alive
+      X-Powered-By:
+      - Express
+      Vary:
+      - Origin, Accept-Encoding
+      Access-Control-Allow-Credentials:
+      - 'true'
+      Content-Type:
+      - application/json; charset=utf-8
+      Content-Length:
+      - '288'
+      Etag:
+      - W/"120-WsKdH6hsY8FVR5eES+WXWiMZRb0"
+      Date:
+      - Thu, 01 Feb 2024 19:19:05 GMT
+      Via:
+      - 1.1 vegur
+    body:
+      encoding: UTF-8
+      string: '{"id":93746,"type_name":"cash","subtype_name":null,"name":"Create Asset
+        Test","display_name":null,"balance":"99.9900","balance_as_of":"2024-02-01T19:19:05.771Z","closed_on":null,"currency":"cad","institution_name":null,"exclude_transactions":false,"created_at":"2024-02-01T19:13:35.715Z"}'
+  recorded_at: Thu, 01 Feb 2024 19:19:05 GMT
+recorded_with: VCR 6.2.0
diff --git a/test/lunchmoney/calls/assets_test.rb b/test/lunchmoney/calls/assets_test.rb
index d862ae2..584877b 100644
--- a/test/lunchmoney/calls/assets_test.rb
+++ b/test/lunchmoney/calls/assets_test.rb
@@ -29,6 +29,48 @@ class AssetsTest < ActiveSupport::TestCase
 
         assert_kind_of(LunchMoney::Errors, api_call)
       end
+
+      test "create_asset returns an Asset object on success response" do
+        VCR.use_cassette("assets/create_asset_success") do
+          api_call = LunchMoney::Calls::Assets.new.create_asset(
+            type_name: "cash",
+            name: "Create Asset Test",
+            balance: "10.00",
+          )
+
+          assert_kind_of(LunchMoney::Objects::Asset, api_call)
+        end
+      end
+
+      test "create_asset returns an array of Error objects on error response" do
+        response = mock_faraday_lunchmoney_error_response
+        LunchMoney::Calls::Assets.any_instance.stubs(:post).returns(response)
+
+        api_call = LunchMoney::Calls::Assets.new.create_asset(
+          type_name: "cash",
+          name: "Create Asset Test",
+          balance: "10.00",
+        )
+
+        assert_kind_of(LunchMoney::Errors, api_call)
+      end
+
+      test "update_asset returns an Asset object on success response" do
+        VCR.use_cassette("assets/update_asset_success") do
+          api_call = LunchMoney::Calls::Assets.new.update_asset(93746, balance: "99.99")
+
+          assert_kind_of(LunchMoney::Objects::Asset, api_call)
+        end
+      end
+
+      test "update_asset returns an array of Error objects on error response" do
+        response = mock_faraday_lunchmoney_error_response
+        LunchMoney::Calls::Assets.any_instance.stubs(:put).returns(response)
+
+        api_call = LunchMoney::Calls::Assets.new.update_asset(93746, balance: "99.99")
+
+        assert_kind_of(LunchMoney::Errors, api_call)
+      end
     end
   end
 end