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What is an Asset? - Finance Strategists 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
What are Assets? - Definition | Types and Classes | Examples Explained What are Assets in Accounting? 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
ASSET Definition Meaning - Merriam-Webster 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
asset noun - Definition, pictures, pronunciation and usage notes . . . Definition of asset noun from the Oxford Advanced Learner's Dictionary a person or thing that is valuable or useful to somebody something In his job, patience is an invaluable asset Being able to speak a foreign language is a major asset I’m not sure if his forcefulness is an asset or a liability
What Is an Asset? Definition, Types, and Examples What Is An Asset? An asset is a resource that is owned or controlled by an individual, corporation, or government with the expectation of producing a positive economic benefit An asset can generate cash flow, lower expenses, or increase sales, and it can be either tangible (such as machinery) or intangible (such as copyright)
What are assets: types, classifications, and importance in finance What is an Asset? An asset is any resource owned or controlled by an individual or business with economic value and expected to provide future benefits The value of an asset lies in its ability to be converted into cash, used for operations, or held as a long-term investment