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Q: Why are business supplies considered an asset?
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What is considered the best mobile phone for business?

The Blackberry brand is considered the best mobile phone for business. The physical keyboard on the phone is considered to be an asset for business people so they can quickly and effectively answer emails and text messages.


Do amounts owed to a business that are on a credit basis are considered a current asset on the books be used to obtain loans?

yes


What is a sentence using the word asset?

To a business, cash is always an asset.


What is a non-performing asset?

My understanding of "nonperforming assets", any asset that you have accumulated that cannot be used in your business. For example: If I am the franchise owner of McDonald's, my deep fryer that I use to make the fries would be considered an asset. It is an asset that I use in my business. The building itself is also a performing asset. So those would be examples of performing assets. Non-performing example: I am the franchise owner of McDonald's and I purchase a piece of property to block another restaurant from being in a location that possibly would negatively affect my business. This purchase has a purpose, but is not performing within my business. Possibly another example would be if I purchase a Corvette (Car or boat) for my own use, but purchased it through my business, that also would be a non-performing asset.


What is asset impairment?

Asset impairment is a financial term. When the projected worth of the asset is less than its current worth, the asset is considered to be impaired.

Related questions

Is supplies an asset?

yes supplies are considered as assets


Is a building considered an asset?

If building is owned by business then it is asset of business while if building is acquired on rent then it is not an asset of business.


Is equipment considered a revenue or asset?

Equipment is an asset for business which is usable in business to generate revenue.


Amount owed to a business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


Amounts owed to a business that are on a credit basis are considered a current asset on the books and.?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


Amounts owed to a business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


What is the amount owed to a business that are on a credit basis are considered a current asset on the book?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


Amounts owed to a business that are on a credit basis are considered a current asset on the books and...?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


What are amounts owed to business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


Are Amounts owed to a business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


What amounts owed to a business that are on a credit basis are considered a current asset on the books and...?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and


What is Amounts owed to a business that are on a credit basis are considered a current asset on the books and?

Amounts owed to a business that are on a credit basis are considered a current asset on the books and