An asset is formally defined for a resource controlled by an entity due to previous events, from which potential economic Added benefits are expected to flow. This definition highlights three core characteristics.
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There are actually 3 meanings shown in OED's entry with the adjective diversified. See ‘That means & use’ for definitions, usage, and quotation proof.
Indeed. In truth, It really is by far the most liquid asset you can possess, and it serves as the yardstick for measuring More Info the liquidity of other assets.
An asset is an merchandise that holds financial benefit for an individual or a company. It can be bought for cash, even though some assets are simpler to offer than others.
Our overall economy is a lot more diversified than it was a few years in the past: we have tourism and services alongside field, oil, and gas.
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Mines and quarries in use are squandering assets.[sixteen] An asset categorised as wasting could be dealt with in different ways for tax together with other purposes than just one that doesn't lose price; this may be accounted for by making use of depreciation.
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precious - held in fantastic esteem for admirable traits Particularly of the intrinsic nature; "a valued Good friend"; "precious memories"
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