Glossary
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- Asset
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An economic resource that is expected to be of benefit in the future. Probable future economic benefits obtained as a result of past transactions or events. Anything of value to which the firm has a legal claim. Any owned tangible or intangible object having economic value useful to the owner.
See also: Appreciation, Asset Turnover, Buyout, Cash, Cash Flow to Assets, Co-Mingling, Cost Basis, Declining-Balance Method, Dividends, Expenditure, Finance, Financial Leverage, Long-Term Asset, Loss on Disposal of Plant and Equipment, Nationalization, Original Cost, Owner’s Equity, Portfolio, Quick Assets, Realization, Retained Earnings Account, Return on Assets, Secured Bond, Secured Debt, Short-Term Gain or Loss, Sum-of-the-Years-Digits Method, Tax Basis, Unequal Cash Flows, Write Off
