Selasa, 7 Jun 2011

DEFINE ASSETS AND EXAMPLES OF ASSETS

1.NON-CURRENT ASSETS
-assets that have a useful life more than 1 year. It used in business operations to generate profit.
e.g. land and building,plant and machinery, vehicles, notes receivable, real estate

2.CURRENT ASSETS
-can be converted into cash within 1 year.
e.g. stock, debtor, cash in hand, accounts receivable, inventory

3.INTANGIBLE ASSETS
-is assets that cannot see with eyes.
e.g. patents, copyright, franchises, godwill, trademarks

4. INVESTMENT
-assets get by buying share on companies.
  1. Investments in securities such as bonds, common stock, or long-term notes.
  2. Investments in fixed assets not used in operations (e.g., land held for sale).
  3. Investments in special funds (e.g. sinking funds or pension funds).
p/s; resourses :http://en.wikipedia.org/wiki/Asset, Albar :)

2 ulasan:

  1. Reminds me of Contract Law and Bankruptcy Proceedings class I went to in the good(?) old days...

    BalasPadam
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    BalasPadam

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