Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > What are assets?

What are assets?

In: Personal Finance [Edit categories]

Answer:

Assets are items of monetary value owned by a business. They can be tangible objects such as CD players, bikes, toys, cash, etc.
a asset is something you own or you business owns

Note: There are comments associated with this question. See the discussion page to add to the conversation.

Contributor:

VictoryAh95

First answer by ID3394015504. Last edit by VictoryAh95. Contributor trust: 293 [recommend contributor ]. Question popularity: 4 [recommend question].

[report abuse]

Can you answer these Personal Finance questions?

	Is the legal paid date the postmarked date or the date the payment is received by the payee?	Answer it!
	How do you calculate future inventory using time value of money concepts?	Answer it!
	Why public sector bank owner is government?	Answer it!
	What is conditional MT103-23?	Answer it!
	What are acceptable computer programs for recording keeping?	Answer it!

Relevant answers:

Why it is that an asset is a asset?
There are three characteristics that define an asset, as follows: The entity obtained the asset in a past event/transaction. The entity has present control over the asset. Future economic benefit is...
When is an asset not an asset?
There are many things which could be considered an asset to a company that are not reflected on the company's Balance Shhet as an asset. For example: qualified, competent employees; reputation; the...
Intangible assets are real assets or financial assets?
no they r the Real assets
Painting of assets is an asset or expense?
If a custom paint scheme was applied when the asset was new (such as a company vehicle), you would add that painting cost to the capitalized cost of the asset. If the painting was done because the...
When is an asset classified as a current asset?
An asset is something that is considered to be a future economic benefit of the business a current asset is the same but that future economic benefit is expected to occur within 12 months.