INGLÉS IV

Escuela Profesional de Contabilidad

SEDE CHINCHA

Teacher: Juan Carlos Magallanes Román

 What is an asset?
An asset is anything of value or a resource of value that can be
converted into cash. Individuals, companies, and governments own
assets. For a company, an asset might generate revenue, or a company
might benefit in some way from owning or using the asset.
Vocabulary:
1. Assets (n):
2. Value (n):
3. Building (n):
4. Patent rights (n):
5. Goodwill (n):
6. Trade secret (n):
7. Trademarks (n):
8. Valuable (adj):
9. Law (n):
10. Competitive (adj):
11. Location (n):
12. Last (v):
13. Expire (v):
14. Depreciation (n):
15. Copyrights (n):
16. Amortize (v):
17. Straight-line Schedule:
18. Unfair (adj):
1. Some assets that are not physical objects
are a Company’s reputation, Brand
recognition, popularity, patent rights, and
trade secrets.
2. Accountants record these assets in two
ways : as either a legal intangible or a
competitive intangible.