Circulating Assets: The opposite to Fixed assets . Circulating assets describe those assets that turn from cash to goods and back again (hence the term circulating). Typically, you buy some raw materials, start to manufacture a product (the asset is called work in progress at this point), produce a product (it is now stock ), sell it (it is now back to cash again).

 

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Circulating Assets: The opposite to Fixed assets . Circulating assets describe those assets that turn from cash to goods and back again (hence the term circulating). Typically, you buy some raw materials, start . . . View Full Definition

Nonreproducible Assets: A tangible asset with unique physical properties, like a parcel of land, a mine, or a work of art.

Operating Assets: Long-term, or noncurrent, assets acquired for use in the business rather than for resale: includes property, plant, and equipment: intangible assets: and natural resources.

Other Assets: Assets exclusive of current assets and property, plant and equipment. Other assets can include intangibles, deposits, loans made, and miscellaneous non-current assets.