What is an asset? Basically, an asset is anything a company owns that has value. Cash that the company has on hand (whether in the bank or in the office), accounts receivable (this is money that is owed to the company and is likely to be received in a timely manner), real estate (buildings and/or land), equipment and inventory are all considered to be assets.
It is usually assumed that an asset has value enough to be sold in the event that a company has to liquidate its assets. That is, if the company had to raise money whatever it is claiming as an asset would have enough value that a buyer could be found.
The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.
Please be sure to consult your attorney and/or accountant with any specific questions.
There is no one right answer to any business question that will cover all circumstances. Please Visit McClendon Enterprises