Any physical thing that has money value is
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A physical asset is an item of economic, commercial, or exchange value that has a material existence. Physical assets are also known as tangible assets.
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An asset is a valuable resource that a person, company, or country possesses or manages to intend to reap future benefits.
- Assets are bought or made to help a company's value or operations, and they're reported on the balance sheet.
- Whether it's manufacturing equipment or a patent, an asset is something that can create cash flow, reduce costs, or increase sales in the future.
- A business asset is a financial resource or access that no one else has.
- Economic resources can be utilized at a corporation's discretion, and their use can be banned or regulated by an owner because a right or other access is legally enforceable.
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