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- In a business context, an asset refers to1234:
- A resource with economic value owned or controlled by an individual, corporation, or country.
- Reported on a company's balance sheet.
- Can be physical (e.g., vehicles, real estate, computers) or intangible (e.g., intellectual property).
- Used to generate revenue or create value for a company.
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 are bought or created to increase a firm's value or benefit the firm's operations.www.investopedia.com/terms/a/asset.aspA 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.aspIn the business accounting world, the definition of an asset is a little more specific, but not by much: an asset is anything a business owns that should prove financially valuable down the road. Put another way, assets are anything you could liquidate, or turn into cash.www.business.org/finance/accounting/assets-defini…A business asset is an item of value used to generate revenue or create more value for a company. From physical property and equipment to intangible assets like intellectual property and goodwill businesses depend on a variety of assets to function.www.freshbooks.com/glossary/accounting/busines… - People also ask
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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 benefit. Learn about the different types of assets, such as current, fixed, financial, and intangible, and how they are reported on a company's … See more
An asset is a resource with economic valuethat an individual, corporation, or country owns or controls with the expectation that it will … 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 produce economic benefit by generating … See more
- Current Assets
- In accounting, some assets are referred to as current. Current assetsare short-term economic resources that are expected t…
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