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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 ability to be innovative; superior policies and procedures; excellent management, etc.

Also, a business could be using assets which are not listed on their balance sheet such as leased property or equipment.

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13y ago
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Q: When is an asset not an asset?
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