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- An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit12. Assets can be used to produce positive economic value or pay off debts23. Assets can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property4. Assets are reported on a company's balance sheet and classified as current, fixed, financial, and intangible1.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet. They're classified as current, fixed, financial, and intangible.www.investopedia.com/terms/a/asset.aspIn financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).en.wikipedia.org/wiki/Assetasset noun (IN BUSINESS) C1 [ C usually plural ] something valuable belonging to a person or organization that can be used for the payment of debts: liquid asset A lot of his wealth is in the form of stock, but he has little in liquid assets (= money or things that can easily be changed into money).dictionary.cambridge.org/dictionary/english/assetA business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property.www.investopedia.com/terms/b/business-asset.asp - People also ask
What Is an Asset? Definition, Types, and Examples - Investopedia
An asset is a resource with economic valuethat an individual, corporation, or country owns or controls with the expectation that it … See more
An asset represents an economic resource owned or controlled by, for example, a company. An economic resource is something that may be scarce and has the ability to … See more
- Current Assets
- In accounting, some assets are referred to as current. Current assetsare short-ter…
- Fixed Assets
- Fixed assets are resources with an expected life of great… See more
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