Simply put, an asset is anything that can be converted into cash. And because of this, assets can be bought, sold, traded, borrowed, licensed, and so on.
A piece of knowledge which is not generally known or seen by others, and by which a business can obtain an economic advantage over competitors or customers
formulas, practices, processes, designs, instruments, patterns, commercial methods, or compilations of information
Intangible Assets
Items on a balance sheet that can easily be converted to cash within a short timeframe (usually 3 months)
bank account balance, coins, currency, and short term government bonds
Tangible Assets
Money customers owe to the company for goods or services provided or promised
Invoices, credit due
Intangible Assets
Goods and materials a business holds for the purpose of selling, reselling, or repair
warehouse stock
Tangible Assets
Often based on credit rating, this is the ability of individuals or enterprises to obtain loans or other financial services
credit, deposit, and payment
Intangible Assets
Real estate that you own an interest in and may profit from, should it produce revenue
rental property, farmland
Tangible Assets
Equipment and furniture used to operate the business which usually decreases in value as it is used
manufacturing equipment, computers, desks
Tangible Assets
Value of symbolic representation of company or service to create reputation and positive feelings
brand name, product or service name
Intangible Assets
Legal protection granted to authors and creators for their innovations that give exclusive rights for a period of time
inventions, literary, musical, and artistic works
Intangible Assets
The legal rights and duties of a contract for future revenue from ownership, service, employment, insurance, licensing, and permits
royalty agreements, franchise agreements
Intangible Assets
A legal claim to some future benefit or cash for rights to use a resource
air or drilling rights, easements on property drilling for oil, gas, or minerals, access to water, air, timber cutting, and route authorities
Intangible Assets
Recognizable symbol, name or phrase that denotes a business or one of its products or service
a brand name, phrase, mark, or symbol
Intangible Assets
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