capital asset
non-liquid property or holdings | ||||
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Capital assets definition was found in categories: Business & Finance(1) Encyclopedia(1)
Capital assets Definition from Business & Finance Dictionaries & Glossaries
| Glossary of petroleum Industry |
CAPITAL ASSETS
Assets acquired for investment and not for sale and requiring no personal services or management duties. In Federal income tax law, oil and gas leases are, ordinarily, property used in the taxpayers' trade or business and are not capital assets. Royalty, if held for investment, is usually considered a capital asset.
Assets acquired for investment and not for sale and requiring no personal services or management duties. In Federal income tax law, oil and gas leases are, ordinarily, property used in the taxpayers' trade or business and are not capital assets. Royalty, if held for investment, is usually considered a capital asset.
Capital assets Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Capital asset
Capital asset has two related meanings in the fields of accounting and financial economics. In accounting, a capital asset is an asset that is recorded on a balance sheet as capital - that is, property that creates more property, e.g. a factory that creates shoes, or a forest that yields a quantity of wood. In financial economics, capital assets also include financial assets such as stocks or bonds.
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