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This article is about the business definition. For the definition as used by intelligence agencies, see Asset (Intelligence). For the Egyptian software company, see ASSET Technology Group
In business and accounting an asset is anything owned which can produce future economic benefit, whether in possession or by right to take possession, by a person or a group acting together, e.g. a company, the measurement of which can be expressed in monetary terms. Asset is listed on the balance sheet. It has a normal balance of debit.

Similarly, in economics an asset is any form in which wealth can be held.

Probably the most accepted accounting definition of asset is the one used by the International Accounting Standards Board (IASB). The following is a quotation from IFRS Framework:

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