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Glossary A-Z

Keyword : assets
Category :
Total Record Found : 1
Description 1

Assets are entities that must be owned by some unit, or units, and from which economic benefits are derived by their owner(s) by holding or using them over a period of time.

Source : National Accounts
Source Detail : National Accounts Capital Stock Statistics
Description 2

Assets covered all goods, new or used, tangible or intangible that have a normal economic life span of more than one year. Included were land, buildings and structure; transport equipment; computer and peripheral equipment; other machinery; equipment and furniture and fittings. Value of assets as at the beginning and end of 2000 was based on net book value. Purchases, alterations and major repair or capital expenditure during the year were valued at actual coasts incurred. Value of assets sold during the year referred. Value of assets sold during the year reffered to the realised value. 

Source : Services
Source Detail : Information And Communication Technology