BulbasaurNoLikeCardio
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Simple English definitions for legal terms
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A dead asset is an item that has no value and cannot be realized, such as an uncollectible account receivable. It is a worthless asset that cannot be converted into cash.
These examples illustrate how a dead asset is an item that has no value and cannot be realized. It is important for businesses to identify and remove dead assets from their balance sheets to accurately reflect their financial position.