Found 1 blog entry tagged as capital asset.

What Exactly Is an Asset?

A resource with the economic worth that an individual, corporation, or country possesses or controls with the hope of future gain is referred to as an asset. Assets are bought or developed to raise a company's value or benefit its operations, and they are reported on the balance sheet. Whether it's manufacturing equipment or a patent, an asset can be looked at as something that can create cash flow, cut expenses, or increase sales in the future.

Important takeaways

  • A resource with the economic worth that an individual, corporation, or country possesses or controls with the hope of future gain is referred to as an asset.
  • Assets are bought or developed to raise a company's value or benefit its operations, and…

615 Views, 0 Comments

Read Full Post