Asset

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Asset

Real or Personal Property, whether tangible or intangible, that has financial value and can be used for the payment of its owner's debts.

An accrued asset is one that arises from revenue earned but not yet due. For example, an accrued dividend is a share of the net earnings of a corporation that has been declared but has not yet been paid out to its shareholder(s).

In Bankruptcy, an asset is any form of property owned by a debtor who is insolvent that is not exempt from being used to repay debts.

For Income Tax purposes, a capital asset is property held by a taxpayer for personal enjoyment or investment, such as a home, furniture, stocks and bonds, or an automobile, but does not include inventory, commercial accounts, and notes receivable, depreciable property, commercial property, copyrights, and short-term government obligations. When a capital asset is sold, any gain received is given preferential tax treatment.A current, liquid, or quick asset is an item that can be readily converted to cash, such as stocks and bonds.

A fixed asset is one of a permanent or longterm nature used in the operation of a business and not intended for sale.

A frozen asset is one that cannot be easily converted into cash, such as real estate when there is no market, or that cannot be used because of a legal restriction, such as a spend-thrift trust.

An intangible asset is one to which an Arbitrary dollar value is attached because it has no intrinsic market value but represents financial value, such as the good will of a business, Trademarks, or Patents.

asset

n. generally any item of property that has monetary value, including articles with only sentimental value (particularly in the estates of the dead). Assets are shown in balance sheets of businesses and inventories of probate estates. There are current assets (which includes accounts receivable), fixed assets (basic equipment and structures), and such intangibles as business good will and rights to market a product.

References in periodicals archive ?
"With the Essen real-time, live-cell analysis platform, we will add another key technology for advancing and accelerating drug discovery applications to our lab divisions' portfolio," said Joachim Kreuzburg chief executive officer of Sartorius.
Sartorius will purchase Essen BioScience for USD320mn in cash.
Administrators were appointed to take over Bath-based von Essen after it went down in April after racking up debts of pounds 250m.
She added: "We don't regret the Von Essen phase, as we learnt a lot regarding various systems, such as issues of legality and health and safety.
Broker: Dirks, Van Essen & Murray (S) INDIANA Pilot-News, Plymouth, 6,200 Seller: Community Newspaper Holdings, Inc.
Essen is the old industrial heart of the Ruhr valley and centre of the den se conurbation stretching back eastwards from the confluence of the Ruhr and Rhine rivers.
M2 EQUITYBITES-April 5, 2017-Sartorius Closes USD 320m Acquisition of Real-Time Live-Cell Analysis Specialist Essen BioScience
Travel Business Review-6 July 2010-von Essen hotels Introduces Spa by von Essen(C)2010 ENPublishing - http://www.enpublishing.co.uk
Millionaire owners Tom and Jocelyn Maxfield have agreed a deal to sell both Seaham Hall and their Lake District hotel The Samling to Somerset-based Von Essen Hotels.
Giuliani joined fire commissioner Thomas Von Essen an Department of Design and Construction commissioner Kenneth Holden in dedicating the new station for Emergency Medical Service 16 in Harlem last week The new structure, located at W.
Next year Ingenhoven and his partners won the competition for the RWE headquarters in Essen with a very similar design which was ironically completed late last year, a few months earlier than the bank.