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List of purpose & uses of assets​

User ApplePie
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Answer:

Step-by-step explanation:

Assets may be used to store wealth, create income, and reduce future expenses.

Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations. An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses, or improve sales, regardless of whether it's manufacturing equipment or a patent.

Hope this helped!!

User Meko Perez Estevez
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