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Legacy assets are those assets which are less productive (outdated) and in some cases least productive overtime, they are just on the brink of being a liability. When assets lose considerable value they are often termed as legacy assets. Literal meaning of the word legacy is outdated or obsolete.
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∙ 15y ago
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What the difference between current assets vs total assets?
Current assets are assets include assets that will converted into cash or consumed in the current operating period while total assets include all assets regardless of when they will be converted to cash or consumed.
What are Examples of financial assets that are traded?
Financial assets are tangible and intangible assets. while tangible assets are include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. ... Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.
What is Net tangible assets how it is calculated?
Net tangible assets are calculated as the total assets of a company minus any intangible assets. Intangible assets are goodwill, patents and trademarks.
Are investments current assets or other assets?
If investments are for short term then these are current assets but if these are for long term then non-current assets.
Difference between real assets and financial assets?
Real assets are physical assets such as plant, machinary, vehicles, stock/ inventory. Financial assets, are cash, bonds, shares etc., etc.
What is tax levied on any asset inherited?
The tax levied on inheritances is an inheritance tax, and an estate tax can also be involved... it is levied on the assets of the deceased rather than the legacy of the inheritors.
What is a tax levied on any asset inherited?
The tax levied on inheritances is an inheritance tax, and an estate tax can also be involved... it is levied on the assets of the deceased rather than the legacy of the inheritors.
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is the importance of estate planning?
The main benefit of estate planning is the protection of your assets. It's very important to make sure that your assets are protected against creditors. Also the biggest benefit of estate planning is that you can leave a lasting legacy for your loved ones. A key component of estate planning is the protection of your assets. In case you pass away, a will is a good way to protect your assets. It also appoints a caretaker for your children if you become incapacitated. This is particularly important if you own expensive possessions. Without a will, your loved ones will be left to decide how to raise your children.
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
How do you find the percentage of current assets to total assets?
percentage of current assets to total assets
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
What legacy has Vietnam had on American History?
The legacy that Vietnam had on American History is the legacy
What is there legacy of the olmecs?
their culture is their legacy
What was cleopatras legacy?
what was cleopatra's legacy
Are intangible assets included in liabilities?
Intangible assets are assets like other assets just they cannot be seen by eye or feel by hand but as they are assets they are included in assets and part of liability.
