English version

capital asset

From Longman Business Dictionarycapital assetˌcapital ˈasset American English, chargeable asset British English [countable]TAXACCOUNTINGFINANCE1something such as land, buildings, or machinery used by a business to produce its goods or services SYN FIXED ASSETthe company’s investment in capital assets2an asset on which CAPITAL GAINS TAX must be paid if it is sold asset
Pictures of the day
What are these?
Click on the pictures to check.