In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive …

Oct 15, 2025 · An asset is anything, tangible or intangible, that has economic value to its owner or could have economic value in the future.

The meaning of ASSET is the property of a deceased person subject by law to the payment of the person's debts and legacies. How to use asset in a sentence.

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ASSET definition: 1. a useful or valuable quality, skill, or person: 2. something valuable belonging to a person or…. Learn more.

Asset definition: a useful and desirable thing or quality.. See examples of ASSET used in a sentence.

May 29, 2025 · Learn about what an asset is and how it is reflected in the financial statements. Know the types, examples, and classifications.

Feb 27, 2023 · Assets are things you own that have value. Assets can include things like property, cash, investments, jewelry, art and collectibles. Liabilities are things that are owed, like debts. …

Dec 15, 2024 · For something to be considered as an asset, it must hold value or have potential for future benefits. This can include physical possessions like a house, a property, equipment, …

2 days ago · An asset account is a fundamental component of financial accounting that serves to track and manage the economic resources owned or controlled by an entity. These accounts …