What is asseted?

Answer 1

asset is something which can be changed into cash at any time.... eg: buliding, machine , computer ....etc.

there are two kind ot asset ...

1) tangable ....which can be touch physically. and

2) intangable...which can be feels only lilke goodwill,patents, trade mark ....etc.

Answer 2

Any item which is expected to used in the business for earnings and profit is called asset. There are two types of assets on the bases of their uses as :

Short term assets or current assets and;

Long term assets or fixed assets.