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Asset
A business asset is anything that has economic value. Assets include everything owned by the company which have a current value or will provide monetary benefit in the future. They are key aspects of a company’s balance sheet.
Typically these are things that the company could sell and are broadly divided into Hard and Soft Assets. Hard assets tend to retain a significant amount of their value over time, such as a lorry or a machine, whereas soft assets tend to depreciate rapidly or lose value once installed, such as technology, furniture or sports equipment.
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