I can look at ten different definitions of an asset and still not understand what makes an asset and asset and why, do I have autism?
Or are people not specific with their definitions.
“Assets are expected to provide future economic benefits”.... does this mean if it is sold? Is it a physical object? A facility? Something that produces commodities for a company physically ? If so, is a pen and stapler an asset as it technically helps produce revenue in an indirect way for the company? Is it expected to provide future economic benefits in the sense that it can be sold for money? What is a benefit? I hate this, how can people take a definition like that and understand it without knowing those questions
- OiyLv 64 weeks agoFavorite Answer
Assets are wealth. It could also be the wealth of a nation,Adam Smith.