{"id":458,"date":"2022-09-30T08:57:38","date_gmt":"2022-09-30T08:57:38","guid":{"rendered":"https:\/\/webfastsg.com\/offshore\/?post_type=encyclopedia&p=458"},"modified":"2022-09-30T08:57:38","modified_gmt":"2022-09-30T08:57:38","slug":"assets","status":"publish","type":"encyclopedia","link":"https:\/\/webfastsg.com\/offshore\/encyclopedia\/assets\/","title":{"rendered":"Assets"},"content":{"rendered":"
An asset is anything that can be used to produce economic value and generate benefits. It may be tangible, like a factory or piece of land, or intangible, like a patent or copyright. In accounting, assets are divided into two broad categories: current assets and non-current assets.<\/span><\/p>\n Current assets are those that are expected to be converted into cash within one year, such as inventory or accounts receivable.<\/p>\n","protected":false},"excerpt":{"rendered":" An asset is anything that can be used to produce economic value and generate benefits. It may be tangible, like a factory or piece of land, or intangible, like a patent or copyright. In accounting, assets are divided into two broad categories: current assets and non-current assets. Current assets are those that are expected to …<\/p>\n