MANAGEMENT

Detailed explanation-1: -What are assets? Your business’s assets are items or resources of value, such as property, inventory, trademarks, or patents, that your business owns. Business owners can opt to convert assets to cash. Many business assets generate revenue and benefit the owner in the long-run.

Detailed explanation-2: -A business asset is an item of value owned by a company. Business assets span many categories. They can be physical, tangible goods, such as vehicles, real estate, computers, office furniture, and other fixtures, or intangible items, such as intellectual property.

Detailed explanation-3: -Business assets are items of value that your business owns, creates or benefits from. Assets can range from cash, raw materials and stock, to office equipment, buildings and intellectual property.

Detailed explanation-4: -Asset valuation is the process of determining the current value of a company’s assets, such as stocks, buildings, equipment, brands, goodwill, etc. This process often happens as part of a wider business valuation, or before you buy, sell or insure an asset.

Detailed explanation-5: -Properties owned by a business enterprise are called Asset.