inactive asset Definition

inactive asset

Definition

An asset that is sometimes not being utilized, such as a backup power generator or a secondary system used only when the primary system malfunctions.

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Popular 'Accounting' Terms

current ratio
equity
working capital
asset
EBITDA

revenue
net income
negotiable
net profit
net worth

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inactive asset is ...

... part of the Accounting subject.

Nearby Terms

in the money
in the red
in the tank
inactive
inactive account
inactive asset
inactive post
inalienable
inc.
incapacity
incentive

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