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edd
edd asked in Business & FinancePersonal Finance · 5 months ago

I don’t understand what can and cannot be classified as an asset ?

3 Answers

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  • babyboomer1001
    Lv 7
    5 months ago

    Everything you own is an asset, unless it is a debt.

  • Anonymous
    5 months ago

    Yes, simple things are hard when you don't have a working brain.

  • A Hunch
    Lv 7
    5 months ago

    if it's worth anything at all, it can be an asset.

    The amount of the asset is value of the asset minus any amount owed equals asset amount. 

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