Asset

In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).

The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment.

Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place. Examples of intangible assets are goodwill, copyrights, trademarks, patents and computer programs, and financial assets, including such items as accounts receivable, bonds and stocks.

Gallery

Gallery may refer to:

Buildings and spaces

Gallery (Great White album)

Gallery is a French compilation album released by American hard rock band Great White in 1999.

Track listing

Band members

References

Adit

An adit (from Latin aditus, entrance) is an entrance to an underground mine which is horizontal or nearly horizontal, by which the mine can be entered, drained of water, ventilated, and minerals extracted at the lowest convenient level. Adits are also used to explore for mineral veins.

Construction

Adits are driven into the side of a hill or mountain, and are often used when an ore body is located inside the mountain but above the adjacent valley floor or coastal plain. In cases where the mineral vein outcrops at the surface, the adit may follow the lode or vein until it is worked out, in this case the adit is rarely straight. The use of adits for the extraction of ore is generally called drift mining.

Adits can only be driven into a mine where the local topography permits. There will be no opportunity to drive an adit to a mine situated on a large flat plain, for instance. Also if the ground is weak, the cost of shoring up a long adit may outweigh its possible advantages.

Access and ventilation