Accounting Dictionary
Property
An asset owned by a company.
Assets are often divided into Current Assets; Plant, Property, and Equipment; Investments, and Intangible Assets. Some property can be depreciated, amortized, or depleted. It can be tangible property, real property, or intangible property.
https://accounting.uworld.com/cpa-review/lc/accounting-dictionary/term/property/
Sign Up to Learn More!
Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!