[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ custom_padding=”0px||||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]Assets are anything that holds value or a resource that can be converted into cash. Assets can be invested in, or owned by an individual, company, or government. Assets can generate revenue, or even generate benefits for a company. Assets are anything that holds value or a resource that can be converted into cash.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.18.0″ _module_preset=”default” width=”100%” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.18.0″ _module_preset=”default” sticky_position=”top” sticky_offset_top=”40px” sticky_limit_bottom=”row” sticky_position_tablet=”none” sticky_position_phone=”none” sticky_position_last_edited=”on|tablet” sticky_offset_top_last_edited=”off|desktop” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” text_font_size=”16px” text_line_height=”1.6em” link_font=”||||||||” link_text_color=”#666666″ link_line_height=”1.4em” background_color=”#ecedf2″ custom_margin=”||||false|false” custom_padding=”|30px|30px|30px|false|true” sticky_limit_bottom=”row” border_radii=”on|15px|15px|15px|15px” box_shadow_style=”preset1″ global_colors_info=”{}”]<\/p>\n
Main Points to Remember<\/a> [\/et_pb_text][et_pb_text module_id=”personal-assets” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n The personal assets of an individual or household are things of present or future value. Common examples of personal assets include:<\/p>\n In essence, your net worth is derived by subtracting your liabilities from your assets, where assets are everything, you own, and liabilities are everything you owe. Your net worth is positive if your assets outweigh your liabilities; a negative net worth indicates that your liabilities outweigh your assets (i.e., you owe more than you have assets).<\/p>\n [\/et_pb_text][et_pb_video src_webm=”https:\/\/legacyscore.com\/wp-content\/uploads\/2022\/08\/LegacyScore-Persoanl-Assets.mp4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_video][et_pb_text module_id=”business-assets” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n A company’s assets can include machines, property, raw materials, inventory, as well as intellectual property like patents, royalties, and other intellectual property rights that contribute to its production and growth.<\/p>\n An organization’s balance sheet shows its assets and how they are financed, whether it is through debt or equity. A typical balance sheet consists of two types of assets, which are used by the management to determine how efficiently the company uses its resources.<\/p>\n [\/et_pb_text][et_pb_text module_id=”current-assets” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n A current asset possesses the ability to be converted into cash within a fiscal year or operating cycle. Current assets facilitate investment and day-to-day operations.<\/p>\n For example:<\/p>\n [\/et_pb_text][et_pb_text module_id=”fixed-assets” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n An asset categorised as a fixed asset is one that has a long-term life cycle, i.e., an asset that has physical substance. Tangible fixed assets are listed as property, plant, and equipment (PP&E) on the balance sheet.<\/p>\n For example:<\/p>\n A key difference between current assets and non-current assets is a non-current asset (like fixed assets) cannot be quickly converted into cash for short-term investments or operational expenses whereas current assets are expected to be liquidated within a fiscal cycle.<\/p>\n [\/et_pb_text][et_pb_video src=”https:\/\/legacyscore.com\/wp-content\/uploads\/2022\/08\/Legacy-Score-Business-Assets-.mp4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_video][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” width=”100%” max_width=”100%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n
\nPersonal Assets<\/a>
\nBusiness Assets<\/a>
\nCurrent Assets<\/a>
\nFixed Assets<\/a>[\/et_pb_text][et_pb_blog posts_number=”4″ include_categories=”2″ show_thumbnail=”off” use_manual_excerpt=”off” excerpt_length=”0″ show_author=”off” show_date=”off” show_categories=”off” show_pagination=”off” disabled_on=”on|on|off” _builder_version=”4.18.0″ _module_preset=”default” header_font_size=”16px” background_color=”#f4f5f9″ custom_margin=”||||false|false” custom_padding=”70px|30px|30px|30px|false|true” custom_css_before=”content: %22Latest Blog Posts%22;||font-size: 20px;||color: #333333;||font-weight: 700;||padding-bottom: 30px !important;|||| top: 30px !important;|| position: absolute;” custom_css_main_element=”border-radius: 15px;” custom_css_title=”padding-top: 0;||padding: 0;” custom_css_content=”padding: 0;” custom_css_post_meta=”padding: 0;” border_color_all_fullwidth=”#e0e0e0″ border_radii_image=”off|25px|25px||” box_shadow_style=”preset1″ global_colors_info=”{}”][\/et_pb_blog][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https:\/\/legacyscore.com\/wp-content\/uploads\/2022\/08\/what-is-an-asset-1.jpg” title_text=”what is an asset” url=”https:\/\/app.legacyscore.com\/sign-up” force_fullwidth=”on” _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text module_id=”main-points” _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”-40px||||false|false” global_colors_info=”{}”]<\/p>\nMain Points to Remember<\/strong><\/h4>\n
\n
Personal Assets<\/strong><\/h4>\n
\n
Business Assets<\/strong><\/h4>\n
Current Assets<\/strong><\/h4>\n
\n
Fixed Assets<\/strong><\/h4>\n
\n