Glossary: Intangible Asset
One way of looking at intangibles is, they are business assets that cannot be physically touched.
One way of looking at intangibles is, they are business assets that cannot be physically touched.
A balance sheet is a summary of a business’s assets, liabilities and equity.
Glossary of tax terms: capital gain/capital loss
In the tax world, the term “asset” often comes up. An asset can refer to a broad variety of property. For a business, the term “asset” typically means something the business purchases that has a useful life of more than one year (equipment or land, for example). For individuals, an asset typically means things like […]