An asset is a resource with economic value that an individual or corporation owns or controls with the expectation that it will provide a future benefit. They are classified into current, fixed, financial, and intangible assets.
But today, we shall focus on Bank assets and land assets only.
Bank assets are referred to as Current assets. They are the ones an owner can convert into cash or cash equivalents within a year through sale or account payments. They include, cash, mutual funds, marketable securities, accounts receivables, goods and services, supplies, etc.
While Land assets are considered as Tangible assets. They are the ones you can touch, feel or see. Meaning they are any physical or measurable items an individual owns or company uses for its operations.
Land assets are also known as fixed assets. Fixed assets are assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land and buildings.
Below are some of the advantages of securing land assets;
- They provide long-term financial benefits; have a useful life of more than one year.
- They don’t depreciate
- They are beneficial to businesses in helping them run their businesses.
If you are looking to purchase a property, we can help you choose the right properties, the right location, and at a competitive cost.