Definition:An asset is a resource that owned or controlled by a company and will provide a benefit in current and future periods for the business. In other words, it’s something that a company owns or controls and can use to generate profits today and in the future. ...
An asset is anything that has valueor is redeemable for currency. That broad definition opens the door to a wide range of personal asset types. Some of the most common include: Cash.The money in your bank account or in your wallet is an asset. In fact, it’s an asset in the purest ...
Asset is essentially anything that holds economic value and contributes to an individual's or organisation's net worth. Learn about assets definition, types, examples, and their significance in financial management.
An A asset is an asset that has the lowest risk of default and is the highest quality of asset. Examples of A assets include U.S. Treasury bonds, AAA-rated corporate bonds, and some AAA-rated mortgage-backed securities. What are 4 types of assets? Cash and cash equivalents: These are...
What is an Asset? An asset is a resource with economic value that is owned or controlled by an individual, corporation, or country, with the expectation that it will provide a future benefit. Assets can be tangible, such as manufacturing equipment or a car, or intangible, such as a ...
it will always have some value because it is a physical asset. As such, a real asset is considered to be a safer investment in times of high inflation; since purchasing power of physical currency is declining, a real asset which has a more stable and solid inherent value will be in high...
An asset account is a general ledger account used to sort and store the debit and credit amounts from a company’s transactions involving the company’s resources. The balances in the asset accounts will be summarized and reported on the company’s balance sheet. Generally, the asset account ...
What is a Plant Asset A plant asset is an asset with a useful life of more than one year that is used in producing revenues in a business’s operations. Plant assets are also known as fixed assets. Plant assets are recorded at their cost and depreciation expense is recorded during their...
An asset that can easily be converted into cashAnswer: A) An asset that is not physical in natureExplanation:An intangible asset can be named either endless or clear. An organization's image name is viewed as an endless theoretical resource since it stays with the organization however long it...
A capital asset includes a wide range of assets that are considered to be desirable and of immediate use or worth to the owner. The assets are also expected to be in use for a long period of time. Most often, a capital asset is thought of as an asset that can be touched and used ...