Aged Assets refers to assets that have been held by a company for an extended period of time and are considered to be less valuable or less liquid than newer assets. These assets may include inventory, equipment, or other tangible assets that have depreciated in value over time. In accounting, aged assets are typically categorized as long-term assets and may require special consideration for valuation and potential write-downs.
Aged assets refer to assets that have been held by a company for an extended period of time and have not been sold or utilised. These assets can include inventory, accounts receivable, or fixed assets. Aged assets are typically considered a liability for a company as they tie up capital and may indicate poor management or inefficiencies in the business operations. Companies often aim to minimize aged assets by implementing effective inventory management systems, improving sales strategies, or disposing of obsolete or non-performing assets. Failure to address aged assets can negatively impact a company’s financial health and profitability.
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This glossary post was last updated: 29th March 2024.
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