1. Liquid assets (or available assets) are anything that can quickly be turned into cash.

2. Net current assets (or working capital) are the excess of current assets (such as cash, inventories,
debtors) over current liabilities (creditors, overdrafts, etc.).
3. Wasting assets are those which are gradually exhausted (used up) in production and cannot be
replaced.
4. Current assets (or circulating assets or floating assets) are those which will be consumed or
turned into cash in the ordinary course of business.
5. Intangible assets are those whose value can only be quantified or turned into cash with difficulty,
such as goodwill, patents, copyrights and trade marks.
6. Net assets or shareholders' equity, on a business's balance sheet, is assets minus liabilities (which
is generally equal to fixed assets plus the difference between current assets and current liabilities).
7. Fixed assets (or capital assets or permanent assets), such as land, buildings and machines, cannot
be sold or turned into cash, as they are required for marking and selling the forms products.

1. lose

2. wear out

3. deducted

4. converting

5. exist

6. invovle

7. write off

8. increase

9. spreads

10. charges

11. allow

12. encourage

1. replaced

2. gains

3. estimate

4. scrap
5.charged

6.reducing

7.maintenance

8.tax