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An asset typically helps you by providing value, generating income, or appreciating over time. It contributes positively to your financial health and can enhance your wealth. However, if mismanaged or if it incurs high costs, an asset can become a burden, potentially hurting your financial situation. Ultimately, the impact of an asset depends on how it is utilized and maintained.
What else can I help you with?
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.
What can be the conclusion for depreciation?
The calculating depreciation helps one to loss value in the asset.
Is fixtures is current or non-current asset?
Fixtures is an item of property plant and equipment and is considered a non-current asset. In order for something to be classified as a current asset, the asset is to be realised within the normal course of business for the company or within 12 months.
Is taxes a intangible assets?
Taxes are never an asset (unless you are the government), you have to pay taxes which is an expense and or liability depending on when you pay them. An intangible asset is something you can't see or touch, like a patent on something you invent
Where does one obtain a Capital Asset?
You can obtain a capital asset, otherwise known as a fixed asset by purchasing something for you or your company that has quite a high cost and is not perishable or a service. Examples include computers, machinery, etc.
What is health assest?
A health asset is something that a person has that helps them maintain their health. For instance, a balanced diet is a health asset because it helps insure the best possibility for maintaining health.
How do you define asset and liability?
An asset makes a profit, either on a periodic basis, or when you sell the asset. A liability is an expence on a periodic basis, or a loss is made when disposed off.ORAn asset is something which we own and liability is something which we owe.
What is something that is owned by an individual?
it is
Is fixed deposit an asset?
Yes. An Asset is something that has a value and can be sold/converted to cash.
When you have a headache name something it hurts for you to do?
talk
Is cash an intangible asset?
Cash is a tangible asset. Unlike something without tangible substance such as goodwill, cash is a hard or a tangible asset.
Do you believe having political parties helps or hurts the nation?
do you believe having political partieshelps or hurts the nation
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.
Is an asset a debit or credit?
An asset is a credit to you, something that gives you personally or business wise a positive in the way of worth.
What is a three letter word that hurts or destroy something?
Ice
How can you be an assets?
An asset is a person that helps out a lot with their company or is a special item. To be an asset, you can work very hard and volunteer to help out with special jobs.
What is mean by tourism asset?
An asset is something that you posses that is valuable. A tourism asset is a country, city, town or region that owns a feature such as the Great Pyramids that brings people and their money to their country.
