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| | Asset - Article from FactBug.org - the fast Wikipedia mirror site (Site not responding. Last check: 2007-10-19) |
 | | Other business subdivisions include intangible assets, that is, those assets which, though not visible, add to the earning power of the business, e.g. |
 | | In the balance sheet of a company certain divisions are required by law, which varies from country to country. |
 | | Examples: land, buildings, machinery, etc. They are written off against profits over their anticipated life by charging an annual amount calculated so as to eliminate the original cost (historical cost), less scrap value, over that period. |
| www.factbug.org /cgi-bin/a.cgi?a=2390 (279 words) |
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