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Assets are items of value that a person or organization owns, such as cash, property, investments, and equipment. These assets can be used to generate income or provide future benefits.

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5mo ago

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What is considered one of Europe's greatest assets?

The cultural heritage of Europe is considered as Europe's greatest assets.


What are temporary current assets?

Temporary current assets would probably refer to items that are used up quickly and then replaced.Items such as office supplies, cleaning supplies, things to keep a business operational are considered assets, but because they are used up quickly and replenished regularly, they are considered "temporary".Supplies once used, become an expense.


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Personal assets are things that are owned and accumulated by someone. Personal assets are also things that can help an individual establish their net worth.


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Treasury bonds are considered assets on a company's balance sheet.


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When does an inheritance become considered an asset?

Any property you own is considered part of your "assets." Anything you inherit becomes your assets as soon as it is inherited.


What types of assets are investments typically considered to be?

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What is current assets and non-current assets?

Current Assets are assets that are considered to be liquidated easily. Cash is considered a current asset because of that reason, it is cash. Anything that can be turned into cash quickly is considered a current asset. Accounts receivable is also a current asset, while a Note Receivable is considered (non) or more appropriately, a "long-term" asset.Non-Current assets are assets that can't really be changed into cash quickly, these can include land, buildings, Notes Receivable, etc.


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Are cars considered to be appreciating assets?

Only in cases of highly sought after collectible vehicles. Otherwise, cars are quite the opposite - they're considered depreciating assets.