Does an asset have to generate income By definition or can an asset be something of value that if sold is cash for  you. ?

2 Answers

  • Bill
    Lv 6
    1 month ago
    Favorite Answer

    An asset doesn’t have to generate income. Gold in your safe don’t generate income. The house you live in doesn’t generate income. A company stock that doesn’t pay a dividend doesn’t generate income. Your coin collection doesn’t generate income. Etc. 

  • fcas80
    Lv 7
    1 month ago

    It is something of value.  Many assets do not generate income.  Cash in a zero interest checking account generates no income.  

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