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Gangesh Rameshkumar

Figure it out • 21d

Fellas, I'm doing a self-post challenge where I'm going to explain a business term briefly every day Today's term: Assets Assets are resources that are owned by a company that provide economic value and future benefits such as generating income, improving sales or even reducing expenses. Assets are reported on a document known as the balance sheet. There are two kinds of assets. Tangible assets have a physical form, such as machinery, cash, vehicles and buildings. Intangible assets lack physical substance, such as patents, trademarks, copyrights and goodwill. Feel free to mention anything important I missed out on!

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