when a bank decided to invest in cash-counting equipment and new cubicles for its loan officers, they were recorded on the bank balance sheet as:

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When a bank made the decision to invest in new cubicles for its loan officers and cash-counting equipment, they were noted as follows on the bank balance sheet: Assets

Any resource that a company or other economic organization owns or controls is considered an asset in financial accounting. Anything that can be used to generate positive economic value, whether it be tangible or immaterial, qualifies. Assets indicate ownership value that may be sold for money (although cash itself is also considered an asset). The monetary value of an organization's assets is shown on its balance sheet. It protects cash and other assets that belong to a person or a company. Tangible and intangible assets are the two main categories into which assets can be divided. Current assets and fixed assets are just two of the many subclasses that make up tangible assets. Cash, inventories, and accounts receivable are examples of current assets, whereas land, structures, and machinery are examples of fixed assets. Non-physical resources and rights known as intangible assets are valuable to a company because they give that company a competitive edge. Goodwill, copyrights, trademarks, patents, computer programs, and financial assets including financial investments, bonds, and stocks are examples of intangible assets.

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