What Is Asset? Meaning, Definition, Examples Of Assets

Meaning of Asset

Asset agency a financial or an economical resource.

Asset includes all those things (either tangible or intangible ones) which are capable of existence owned or leased out (rented) to generate a value (price) or returns inwards introduce as well as inwards the future.

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Definition of Asset

In general, the definition of an property tin sack hold upwards stated every bit follows,

“An property is a fiscal or economical resources controlled either yesteryear an private or organization, every bit a upshot of their yesteryear as well as introduce actions, from which futurity paybacks are expected to occur.”

Examples of Assets

The importance of an property depends on its exercise yesteryear an private or organization. Some mutual examples of assets based on their significance from an individual's as well as organization's perspective are depicted below.

Generally, examples of assets owned yesteryear an private includes:

• Residential flat,
• Commercial store (given on rent),
• Automobile,
• Agricultural land,
• Farm house,
• Jewellery made from platinum, gold, silver, diamonds, pearls, etc.

Examples of assets that belong to an arrangement are:

• Factory land,
• Factory as well as role building,
• Plants as well as machineries,
• Office slice of furniture as well as fixtures,
• Office equipments,
• Data servers,
• Office vehicles, etc.

Thus, anything tangible or intangible which has a value or a capacity to generate revenue amongst or without the aid of materials, labour (skilled, semi-skilled or unskilled) or infrastructure shall hold upwards considered every bit an asset.