Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

capital asset

Read a random definition: majority report

A quick definition of capital asset:

Capital asset: A capital asset is something a business owns that they plan to use to make money for more than a year. These things are usually physical objects like land, buildings, and machines. On a balance sheet, they are called property, plant, and equipment. The business can take a little bit of money off the value of the asset each year, which is called depreciation.

A more thorough explanation:

Capital Asset

Capital assets are things a business owns that are used to make money and are expected to last for more than a year. They are usually physical things that can't be easily turned into cash. On a balance sheet, capital assets are shown as property, plant, and equipment (PP&E). Examples of capital assets include:

  • Land
  • Buildings
  • Machinery

Businesses can spread out the cost of capital assets over their expected useful life. This is called depreciation.

Capital assets are things that a business owns that are used to make money. They are different from things like inventory or cash, which are used up or spent quickly. Capital assets are expected to last for more than a year, so they are usually physical things that can't be easily turned into cash. Examples of capital assets include land, buildings, and machinery. These things are used by a business to make money, and they are expected to last for a long time. Businesses can spread out the cost of capital assets over their expected useful life, which is called depreciation. This helps businesses to account for the cost of these assets over time.

capital account | capital case

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.