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Assets are basically anything of value that an individual, a business enterprise, or another entity owns. Different types of assets are treated differently for tax and...
What Is an Asset? An asset is a resource owned by an individual or organization which provides economic value. This includes cash, equipment, property, rights, or anything that helps a company generate revenue or reduce expenses.
The meaning of ASSET is the property of a deceased person subject by law to the payment of his or her debts and legacies. How to use asset in a sentence.
Assets definition: items or resources owned by a person, business, or government, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities). See examples of ASSETS used in a sentence.
In 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). [1]
noun. a useful and desirable thing or quality: Organizational ability is an asset. a single item of ownership having exchange value: Our summer home is an asset we're not willing to sell.
something having value, such as a possession or property, that is owned by a person, business, or organization. An asset is also any positive feature that gives you an advantage: Her knowledge of Spanish and French is a real asset in her work.
An asset is something containing economic value and/or future benefit. An asset can often generate cash flows in the future, such as a piece of machinery, a financial security, or a...
Definition: An asset is a resource that has some economic value to a company and can be used in a current or future period to generate revenues. These resources take many forms from cash to buildings and are recorded on the balance sheet until they are used.
What Are Assets? The easiest way to define an asset is that it’s an economic resource that can be owned by an individual, company, or country. Assets are expected to provide future economic benefits like: Increased value for a company or country. Increased net worth for an individual.