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  2. Key Takeaways

    • A business asset is a piece of property or equipment purchased exclusively or primarily for business use.
    • Business assets are itemized and valued on the balance sheet.
    • Most business assets can be written off and either depreciated or expensed under section 179 in the year of purchase.
    • Business assets are divided into two sections: current assets and non-current assets.
    www.investopedia.com/terms/b/business-asset.asp
    www.investopedia.com/terms/b/business-asset.asp
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