what do you mean by an asset? Explain different types of assets. Give 2-2 examples of each.
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Fixed Assets− These are those assets that are hold for the long term and increase the profit earning capacity and productive capacity of the business. ... Tangible Assets− Assets that have physical existence, i.e., which can be seen and touched, are tangible assets; for example, car, furniture, building, etc.
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Fixed Assets− These are those assets that are hold for the long term and increase the profit earning capacity and productive capacity of the business. ... Tangible Assets− Assets that have physical existence, i.e., which can be seen and touched, are tangible assets; for example, car, furniture, building, etc.
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