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- DictionaryAs·set/ˈaˌset/
noun
- 1. a useful or valuable thing, person, or quality: "quick reflexes were his chief asset"
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What is asset means?
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a useful and desirable thing or quality: Organizational ability is an asset. a single item of ownership having exchange value: Our summer home is an asset we're not willing to sell.
Learn the various meanings and uses of the word asset, from property to advantage to spy. See synonyms, examples, word history, and legal terms related to asset.
Learn the meaning of asset as a noun in different contexts, such as good quality, business, or spy. See how to use asset in sentences and collocations with other words.
- What Is An Asset?
- Understanding Assets
- Types of Assets
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An asset is a resource with economic valuethat an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet. They're classified as current, fixed, financial, and intangible. They are bought or created to increase a firm's value or benefit the fir...
An asset represents an economic resource owned or controlled by, for example, a company. An economic resource is something that may be scarce and has the ability to produce economic benefit by generating cash inflows or decreasing cash outflows. An asset can also represent access that other individuals or firms do not have. Furthermore, a right or ...
Current Assets
In accounting, some assets are referred to as current. Current assetsare short-term economic resources that are expected to be converted into cash or consumed within one year. Current assets include cash and cash equivalents, accounts receivable, inventory, and various prepaid expenses. While cash is easy to value, accountants periodically reassess the recoverability of inventory and accounts receivable. If there is evidence that a receivable might be uncollectible, it'll be classified as imp...
Fixed Assets
Fixed assets are resources with an expected life of greater than a year, such as plants, equipment, and buildings. An accounting adjustment called depreciationis made for fixed assets as they age. It allocates the cost of the asset over time. Depreciation may or may not reflect the fixed asset's loss of earning power. Generally accepted accounting principles (GAAP) allow depreciation under several methods. The straight-line method assumes that a fixed asset loses its value in proportion to it...
Financial Assets
Financial assets represent investments in the assets and securities of other institutions. Financial assets include stocks, sovereign and corporate bonds, preferred equity, and other, hybrid securities. Financial assets are valued according to the underlying security and market supply and demand.
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Learn about the different types of assets, such as current, fixed, financial, and intangible, and how they are valued and reported on financial statements.
Learn the meaning of asset as a noun in different contexts, such as good quality, business, or spy. See how to use asset in sentences and collocations with other words.
Learn the meaning of asset as a noun in English, with synonyms and translations. An asset can be a person, skill, or quality that helps you succeed, or something that a person or company owns that has a value.
