Is Property An Asset ?

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Is property An Asset ? 

In simple terms an asset is a resource which gives money in your pocket now and/or in future. So your real estate can be categorized as an asset or a liaility depending upon whether it is helping you in genrating money or hurting you by taking money out of your pocket. 


Are properties assets ? 

Exampels of property, which may be tangible or intangible, include automotive vehicles, industrial equipment, furniture, and real estate the last of which is often referred to as ''real property''. Most properties hold current or potential monetary value and are therefore considered to be assets. 


Is Asset same as property ?

The main difference between Property and Asset is thet the Property is a physical or intangible entity owned by a person or a group of people and Asset is a economic resource, from which future economic benefits are expected.




























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