A 10-story office complex belongs to a bank. This would be an illustration of an asset on the balance sheet of the bank.
An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful. A 10-story office complex belongs to a bank. This would be an illustration of an asset on the balance sheet of the bank.
A company's balance sheet lists its assets. They are divided into current, fixed, financial, and intangible categories. They are acquired or produced to raise a company's worth or enhance its operations.
Whether it's a piece of manufacturing equipment or a patent, an asset can be looked of as anything that can, in the future, increase sales, lower costs, or generate cash flow.
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