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.

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.

Oct 8, 2025 · An asset is a resource used to hold or create economic value. You might have personal assets, like your house, a savings account, a life insurance policy, or a particular set …

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. …

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

Jun 3, 2025 · An asset constitutes anything that holds monetary value, whether current or future, to a person or organization. Businesses, governments and non-profits all own assets.

Generally, any property that has value, whether monetary or sentimental. As used by the IRS, the term means any property with a value and useful life of at least one year that is used in a trade …