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- In business, an asset is:
- A resource that is expected to provide a future benefit to its owner1.
- Owned by an individual or organization and provides economic value2.
- Tangible (like machinery) or intangible (like a copyright)1.
- Listed on the balance sheet at historical cost and in order of liquidity3.
- Anything that helps promote company productivity, efficiency, and revenue4.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An asset is a resource that is expected to provide a future benefit to its owner. In the case of businesses, assets are reported on the company's balance sheet. An asset may generate cash flow, reduce expenses, or improve sales, and it may be either tangible (like a piece of machinery) or intangible (like a copyright).www.investopedia.com/terms/a/asset.aspAn 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.www.financestrategists.com/accounting/operating-…A business asset is a piece of property or equipment purchased exclusively or primarily for business use. They can also be intangible items, such as intellectual property. Business assets are itemized and valued on the balance sheet. They are listed at historical cost and in order of liquidity.www.investopedia.com/terms/b/business-asset.aspBusiness assets are anything of value to a company that helps promote company productivity, efficiency and revenue. They include both tangible and intangible assets.www.indeed.com/career-advice/career-developme… - People also ask
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