asset


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Asset

Any possession that has value in an exchange.

Asset

In accounting, anything of value that a person or firm buys. Assets can be physical, such as real estate or stocks, a claim on debts, such as accounts receivable or liens, or a right, such as a patent. Of crucial importance to assets is their relative liquidity, or the ease with which they can be converted to cash. Liquid assets are often thought to be more useful than illiquid assets. See also: Tangible asset, Intangible asset.

asset

Something of monetary value that is owned by a firm or an individual. Assets are listed on a firm's balance sheet and include tangible items such as inventories, equipment, and real estate as well as intangible items such as property rights or goodwill. Compare liability. See also current asset, intangible asset, tangible asset.

Asset.

Assets are everything you own that has any monetary value, plus any money you are owed.

They include money in bank accounts, stocks, bonds, mutual funds, equity in real estate, the value of your life insurance policy, and any personal property that people would pay to own.

When you figure your net worth, you subtract the amount you owe, or your liabilities, from your assets. Similarly, a company's assets include the value of its physical plant, its inventory, and less tangible elements, such as its reputation.

asset

an item or property which is owned by a business or individual and which has a money value. Assets are of three main types:
  1. physical assets such as plant and equipment, land, consumer durables (cars, etc.);
  2. financial assets such as currency, bank deposits, stocks and shares;
  3. intangible assets, such as BRANDS. Alternatively, assets can be classified into FIXED ASSETS (those intended for long-term use by a business); and CURRENT ASSETS (those intended to be turned over, in trading, as raw materials are converted into finished goods, then sold to generate cash). See INVESTMENT, LIQUIDITY, BALANCE SHEET, LIABILITY.

asset

an item or property owned by an individual or a business that has a money value. Assets are of three main types:
  1. physical assets, such as plant and equipment, land, consumer durables (cars, washing machines, etc);
  2. financial assets, such as currency, bank deposits, stocks and shares;
  3. intangible assets, such as BRAND NAMES, KNOW-HOW and GOODWILL. See INVESTMENT, LIQUIDITY, BALANCE SHEET, LIABILITY.

asset

Something of value. On a balance sheet or personal financial statement, assets will include the following items, typically arranged in order according to the ease with which they can be converted into cash:

Cash and equivalents

Cash on hand:
Cash in banks
Marketable securities

Receivables:
Accounts receivable
Less reserves for bad debts

Furniture, fixtures, and equipment

Fine art

Real property

General intangibles:
Stock in closely held corporations
Intellectual property rights
Goodwill

When lenders examine balance sheets,they generally assume that individuals and small businesses overvalue the furniture, fixtures, and equipment and the general intangibles. Large entries for cash and equivalent assets will overcome a poor credit rating 9 times out of 10.

Asset

An item of useful or valuable property.
References in periodicals archive ?
(g) Transfer risk means the possibility that an asset cannot be serviced in the currency of payment because of a lack of, or restraints on the availability of, needed foreign exchange in the country of the obligor.
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Thus, income earned by the trust, including gain on the sale of appreciated assets, is nontaxable to the trust.
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Assuming XYZ has sufficient income to realize the deduction, the deduction yields a tax benefit of $700 ($2,000 x .35), which exceeds the $105 benefit recorded in the deferred tax asset by $595.
According to the IRS, the location of the use of an intangible asset can be determined by where the property is licensed to be enjoyed.