An asset, in simple terms, is something that holds value and is owned by an individual or organization. Assets can be tangible, meaning they have physical existence, or intangible, referring to non-physical assets such as intellectual property. Assets play a key role in finance as they contrib...
Fixed assets can be tangible or intangible. Some examples of fixed assets include cars, land, buildings, and machinery. Determining the value of your assets The value of an asset is not always the original cost. When determining an asset’s value, look at factors like fair market value and...
As you can see, assets take many different forms including physical and intangible forms and come in many different sizes from large buildings to desktop computers. Shaun Conrad, CPA Accounting & CPA Exam Expert Shaun Conrad is a Certified Public Accountant and CPA exam expert with a passion for...
What are assets? Learn the meaning of an asset, the difference between personal and business assets, and who can own assets. See a list of asset...
What are assets? Learn the meaning of an asset, the difference between personal and business assets, and who can own assets. See a list of asset...
Get to know the value of assets - that goes for a 16-year-old with a bank account or a corporate titan of industry.
Invisible assets power many of the world’s biggest companies. Consider Nike Inc.’s (NKE) "swoosh" logo. This symbol has a high degree of brand recognition, meaning that it is easily recognized and associated with Nike by the general public. Another example of an invisible asset is Geico...
How does cost allocation differ for fixed assets, intangible assets, and natural resources? Describe what plant assets are and include examples. What is the difference between assets and fixed assets? Explain the meaning of the terms "tangible" and "intangible" and discuss how ...
Hot assets is not a term that FASB or GAAP created. Instead, it was created by the IRS under IRC section 751 to classify certain types of current assets during apartnershipliquidation. What the IRS was worried about was that a partner could leave the company by “liquidating” his interest...
A hard asset, also known as a tangible asset, is a physical asset that holds intrinsic value. Unlike financial assets such as stocks, bonds, or derivatives, hard assets can be touched, seen, and are not dependent on the performance of companies or financial markets. They are considered to ...