Scribd Logo
Upload

Welcome to Scribd!

  • Intermediate Accounting Assets

    Uploaded by

    Reniel Belle Agregado
    6 views4 pages
    Assets are valuable resources such as properties that a business owns and controls which are useful for increasing capital and producing future economic benefits. Tangible assets refer to things that are physical in form, have finite monetary value based on transactional exchange, and provide future economic benefits by being used in business operations or trades. Assets are classified as tangible if they can be identified through touch and have set monetary worth.

    Original Description:

    INAC ACCOUNTING COLLEGE

    Original Title

    INTERMEDIATE-ACCOUNTING-ASSETS

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Assets are valuable resources such as properties that a business owns and controls which are useful for increasing capital and producing future economic benefits. Tangible assets refer to things that are physical in form, have finite monetary value based on transactional exchange, and provide future economic benefits by being used in business operations or trades. Assets are classified as tangible if they can be identified through touch and have set monetary worth.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views4 pages

    Intermediate Accounting Assets

    Uploaded by

    Reniel Belle Agregado
    Assets are valuable resources such as properties that a business owns and controls which are useful for increasing capital and producing future economic benefits. Tangible assets refer to things that are physical in form, have finite monetary value based on transactional exchange, and provide future economic benefits by being used in business operations or trades. Assets are classified as tangible if they can be identified through touch and have set monetary worth.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    INTERMEDIATE

    ACCOUNTING
    Christopher Jamil SP Marasigan
    Company resources
    Assets
    >
    Produced economic Agregado (2023), Assets are
    future benefit valuable resources such as
    Useful properties that the business
    Things that can owned and controlled which are
    increase capital
    useful to increase capital and
    Valuable property produce economic future
    Owned benefit.
    Controlled
    Assets
    • Tangible
    Balios (2023), Tangible assets are
    “Touch” things in the physical form which we
    can easily identify by touch. It is in
    Finite monetary value
    finite monetary value from the
    Identify
    transactional exchange value and it
    Future economic gives future economic benefits where
    benefits
    we can use it in trading, or improving
    Physical in form the condition in the business.
    Transactional exchange
    value

    You might also like