it is a valuable thing possessed by business is called assets. For exampl, Cash , Bank, Land & Building, Machinery, Account Receivable, Investment etc.
Several factors contribute to the appreciation of an asset over time, including supply and demand dynamics, economic conditions, market sentiment, interest rates, inflation, and the asset's intrinsic value and quality.
International Accounting Standard 38 para 54 states that research must not be accounted for as an asset but rather expensed to the income statement. Paragraph 57 of the same standard allows development to be classed as an asset under certain conditions.
1. Estimated salvage value is the amount which is expected to be received from disposal of fully depreciated asset after useful life of asset.
Tangible asset
real asset real asset
asset
If an asset is fungible, then all that means is it has the same terms, conditions, and rights as other assets in the same pool. Hence, one asset can be substituted or exchanged for another asset freely. Eg, the additional issue of ordinary shares of a company are fungible to the ordinary shares that are currently issued in the market.
dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET dEBIT COST AS AN ASSET DEBIT EARNINGS IN ASSET CREDIT DIVIDENDS RECD IN ASSET
Asset Reconcilation means reconcilation of asset, verifying the asset with the available cash.
Current asset.
A fixed asset.
asset