CAPITAL ASSET Definition

Bookmark and Share

CAPITAL ASSET is a long-term asset that is not purchased or sold in the normal course of business. Generally, it includes fixed assets, e.g., land, buildings, furniture, equipment, fixtures and furniture.

Learn new Accounting Terms

NONCALLABLE is a bond exempt from call by the issuer for a stated period of time.

CURRENT ASSETS are those assets of a company that are reasonably expected to be realized in cash, or sold, or consumed during the normal operating cycle of the business (usually one year). Such assets include cash, accounts receivable and money due usually within one year, short-term investments, US government bonds, inventories, and prepaid expenses.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.