Are assets mainly used for the scenario of selling a business or buying a business? Because they need to calculate their worth ?

Question

Are assets mainly used for the scenario of selling a business or buying a business? Because they need to calculate their worth ?

A Hunch · Accepted Answer

No.
An asset is something OWED the has value.
The computer/phone you are using is an asset, if you don't have debt on it (or the equity is greater than the debt).
Your shoes are an asset, if you can sell them for any money.

Are assets mainly used for the scenario of selling a business or buying a business? Because they need to calculate their worth ?

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