Question

explain all function of assets​

Answer 1

Answer:

Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses or improve sales, regardless of whether it's manufacturing equipment or a patent.

Answer 2

Explanation:

• An asset can create income, reduce expenses, and store wealth.

• To have value as an investment, an asset must either store wealth or create income (reduce expenses).

• ideally, an asset can do both. Whatever the type of asset you choose, investing in assets or selling capital can be more profitable than selling labor.

Yeah I am good Anadi.

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