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What is productive assets?

Updated: 12/20/2022
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12y ago

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A productive asset is an

asset that is used to produce goods in any business.

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12y ago
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Legacy assets are those assets which are less productive (outdated) and in some cases least productive overtime, they are just on the brink of being a liability.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 Literal meaning of the word legacy is outdated or obsolete.


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