IndigoLearn

Forums

Is this an asset ?

What if I buy a bike and use it just for riding in streets for relaxation purpose ... Is this an asset since it has not generated any future economic benefits to me ?

Attachments

916e912e-9de0-445f-acbd-863a86b2a3a9.jpg


Deepak blaze

Deepak blaze

CA Inter

0

26-Mar-21 06:07

33

Answers (2)

Best Answer

Definition given is from business perspective. On a lighter note, we can say it's your personal asset. When you purchased it, it had the capacity to generate future economic benefits and still can generate same.


Sahibdeep Singh

Sahibdeep Singh

Moderator

26-Mar-21 11:03

Byte Size Modules
IL Pass percentages
Quote
Tally Free
Hiring
Refer
EMI
Lazypay
Past_Exams