Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property. On a balance sheet, assets are equal to the sum of liabilities, common stock, preferred stock, and retained earnings. From an accounting perspective, assets are divided into the following categories: current assets (cash and other liquid items), long-term assets (real estate, plant, equipment), prepaid and deferred assets (expenditures for future costs such as insurance, rent, interest), and intangible assets (trademarks, patents, copyrights, goodwill).
Related information about asset:
- Asset - Wikipedia, the free encyclopedia
Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm ...
- Asset | Define Asset at Dictionary.com
a useful and desirable thing or quality: Organizational ability is an asset. 2. a single item of ownership having exchange value. 3. assets. a. items of ownership ...
- Asset Synonyms, Asset Antonyms | Thesaurus.com
Synonyms for asset at Thesaurus.com with free online thesaurus, antonyms, and definitions. Dictionary and Word of the Day.
- Asset - Definition and More from the Free Merriam-Webster Dictionary
a : the property of a deceased person subject by law to the payment of his or her debts and legacies. b : the entire property of a person, association, corporation, ...
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1. A resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. 2. A balance ...
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Provides school news, general information, and lists resources.