An asset intended for long-term use or possession, as opposed to assets, such as inventory, that are intended for current sale.
Asset intended for long-term, continued use or possession, such as land buildings and equipment. Synonymous with fixed asset or capital expenditure. The current threshhold for capitalizing an asset is $5,000
Long-term asset, such as land, equipment, and other fixed property.
All tangible property which cannot easily be converted into cash and which is usually held for a long period, including real estate, equipment, etc. see also fixed asset.
Any asset held and used for the production of goods and services, including fixed assets, such as land, plant, raw materials sources, and reserves; investments in owned and affiliated companies; and some long-term intangibles, such as patents.
Assets that are to be recorded in the balance sheet of the financial statements.
An asset that is expected to be used for a considerable time in a trade or business. Examples of capital assets in most businesses are land and buildings, plant and machinery, investments in subsidiary companies, goodwill, and motor vehicles, although in the hands of dealers these assets would become current assets. The costs of these assets are normally written off and against profits over their expected useful life spans by deducting a percentage of depreciation from their book value each year.
An asset acquired as an investment, for the purpose of creating a product or service intended to be used in the activities or operations of a business.
An asset that is purchased for long-term use such as machinery and equipment.
An asset of a permanent or fixed nature to be used in a business or trade and not sold.
In tax terms, refers to any asset that is not specifically excluded from the “capital asset” category by the tax Code; these exclusions include inventory, accounts receivable, depreciable property, and real estate used in a business. Broadly speaking, a capital asset, when sold, produces capital gain as opposed to ordinary income.
See also Infrastructure asset.
An asset you own such as an investment (mutual fund shares, stocks, etc.)
A long-term asset, such as land or a building, not purchased or sold in the normal course of business.
Every asset except those falling into one of eight specific categories: (1) inventory or property held primarily for sale to customers in the ordinary course of business; (2) accounts or notes receivable acquired in the ordinary course of business; (3) supplies used or consumed in the ordinary course of business; (4) Section 1231 assets; (5) a copyright, literary, musical, or artistic composition, a letter or memorandum, or similar property held by a taxpayer whose personal efforts created the property or a person to whom the property was gifted by the creator; (6) certain publications of the U.S. government; (7) commodities-derivative financial instruments held by a dealer; and (8) hedging transaction properties.
An item that is owned for investment or personal reasons. Such items can include stocks, bonds, collector cards, or even stamp collections. When you sell a capital asset, depending on the price, you earn a capital gain or a capital loss. Capital gains are taxed at a special rate, and losses can be used in many cases to reduce the amount that is taxed. See also "Capital Gain" or "Capital Loss."
Tangible property, including durable goods, equipment, buildings, installations, and land. [GAO
This term refers to any property, whether or not connected with a trade or business. A taxpayer's household furnishings, personal residence and automobile are capital assets. Although gain on the sale of this kind of property is treated as capital gain, no loss is recognized for income tax purposes unless the property was held for the production of income.
Assets, of either a tangible or intangible nature, owned or held by a business which are expected to be used or held over several fiscal periods.
Broadly speaking, all assets are capital assets except those specifically excluded by the tax Code. Major categories of noncapital assets include property held for resale in the normal course of business (inventory), trade accounts and notes receivable, depreciable property, and real estate used in a trade or business.
For federal income tax purposes, the property held by a taxpayer (e.g., house, car, stock, bonds, etc.). However, property that the taxpayer creates, such as business inventory, crops, a painting, is considered ordinary income property, not capital gain property.
an asset that is difficult to sell quickly. for example, real estate.
Any asset that is not specifically identified as a noncapital asset. Almost everything you own and use for personal purposes or investment is a capital asset. For example, stocks and bonds, a home owned and occupied by you and your family, timber grown on your home property or investment property even if you make casual sales of the timber, household furnishings, your car used for pleasure or commuting, coin or stamp collections, gems and jewelry, gold, silver, and other metals.
Tangible property, including durable goods, equipment, building installation s, and land. [D03464] GAT
property not constituting inventory for sale, or property not used in connection with trade, business, or source of income.
All tangible property, including securities, real estate and other property, held for the long term.
An asset intended for continued use or possession, common subclassifications being fixed assets (i.e., land, buildings, leaseholds, machinery, mineral deposits) and intangible assets (i.e., goodwill, patents, trademarks, investments in affiliated companies).
An asset of a permanent or fixed nature, or one used in carrying on a business or trade.
Income-producing property used for an investment or in a trade or business, including land, timber, buildings, and equipment. Also see “Capital account.
In this book, a capital asset is a durable item that provides service over an extended period of time. Usually a cost-based, or other arbitrary factor.
Property that contributes toward earning business income, either directly or indirectly. Capital assets: Generally have a useful life over one year, and a value of $100.00 or more; May be tangible property such as land, buildings, vehicles, boars, machinery, tools, office equipment, furniture, and fixtures; May be intangible property such as patent, copywrite, or franchise; Can be capital expenditures when they lengthen the time of use or adapt a capital asset to a different purpose. See: Income -- Special Income Types - Self-employment income - General rules; Clarifying Information; Income -- Special Income Types - Self-employment expenses that are not allowed as income deductions; and Resources
A property to which certain tax rules (capital gains and capital losses) apply.
Regarding individuals, any kind of investment. In relation to corporations, besides security investments, it includes fixed assets such as land, buildings, equipment and furniture. Generally, a capital asset can be any item that is not bought or sold in the normal course of business. See: Asset; Fixed Assets
A long-term asset, owned for personal or investment purposes, that is not bought or sold in the normal course of business. In general, the term includes fixed assets such as land, buildings, equipment, furniture, and fixtures.
An asset held for more than a year that isn't bought or sold in the normal course of business. Capital assets generally include fixed assets, such as land, buildings, equipment and furniture. These assets are subject to depreciation.
In accounting, a capital asset is an asset that is recorded 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.