Item of worth or benefit Crossword Clue

Item of worth or benefit Crossword Clue

Finding it difficult to guess the answer for today's The Times Concise Item of worth or benefit Crossword Clue, then you are in the right place!. Crosswords are sometimes simple, sometimes difficult to guess. So today's answer for the Item of worth or benefit Crossword Clue is given below.

Answer for Item of worth or benefit Crossword Clue is “ASSET.”

An asset is an item of value or benefit that can be owned or controlled to generate economic value. It can take various forms, including tangible assets like real estate, machinery, and inventory, as well as intangible assets like patents, trademarks, and goodwill. In finance and accounting, assets are critical components of a company's balance sheet and represent the resources available to support operations and growth.

The classification of assets can also help assess a company’s financial health and performance; for instance, current assets are expected to be converted to cash within a year, while long-term assets are held for longer periods. Overall, assets play a crucial role in both personal finance and business management, as they contribute to wealth accumulation and can provide returns on investment over time.

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