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In farsightedness,
Asset
An asset is a resource owned or controlled by an individual, corporation, or government with the expectation that it will produce positive economic value.
Cash
A form of liquid asset that includes currency and other easily accessible bank balances.
Prepaid Insurance
Refers to payments made in advance for insurance coverage, recorded as an asset on the balance sheet until the period to which the insurance relates.
Historical Cost
The original monetary value of an asset or transaction, without adjusting for inflation or market valuation changes.
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