When the continuation of depreciating a long term tangible asset at a diminishing value becomes unprofitable or purposeless, so the company decides to dispose of the asset at a stipulated cost which is below book value resulting in a loss which is then offsetted against the companies profits. A transaction of this nature is usually made when the asset becomes dormant and ineffective, even though it may well still be in the beginning of its life expectancy. The disposing of as asset is also written off the Balance Sheet as a long term investment and making way for a more effective and valuable long term asset.
If there is capital to be made on disposing of an asset, then both parties agree to a value where under the table cash transactions are made (off the books) and a much lower value is agreed upon (on the books) which is then recorded as a loss and offsetted against the companies net profit.
If there is capital to be made on disposing of an asset, then both parties agree to a value where under the table cash transactions are made (off the books) and a much lower value is agreed upon (on the books) which is then recorded as a loss and offsetted against the companies net profit.
Rupert Murdoch: "I got rid of Alex!" James sighed, "I thought he was an asset, turns out he was nothing but a liability"
Alan Bond: "What do you mean you got rid of him, hope you didn't kill him"
Rupert Murdoch: "Nah, there's no gain from killing him, I sold him to the opposition and i made a profit"
Alan Bond: "Ahhhh, now I can see how Wendi Deng has asianized you"
Rupert Murdoch: "What do you mean by that?"
Alan Bond: "Nothing!, you know hoe Asians are carnivorous when it comes to money, it looks like it's rubbing off on you"
Rupert Murdoch: " Yep, learn Alan, disposing of an asset requires a lot of foot work if you know what I mean".
Alan Bond: "What do you mean you got rid of him, hope you didn't kill him"
Rupert Murdoch: "Nah, there's no gain from killing him, I sold him to the opposition and i made a profit"
Alan Bond: "Ahhhh, now I can see how Wendi Deng has asianized you"
Rupert Murdoch: "What do you mean by that?"
Alan Bond: "Nothing!, you know hoe Asians are carnivorous when it comes to money, it looks like it's rubbing off on you"
Rupert Murdoch: " Yep, learn Alan, disposing of an asset requires a lot of foot work if you know what I mean".
by A=L+P January 19, 2018
Get the Disposing of an assetmug. by johnself April 28, 2014
Get the Freezing Asset Richmug. Oh wow yeah, totally... Women are a TOTAL asset. They clean up your house for you? That helps a lot. That OR! OR they let you fuck them on camera and then THAT helps EVEN MORE. Because THEN I have 200 million dollars and I'll just be doing the thing I WOULD HAVE BEEN DOING ANYWAY. It's like being a pro gamer! Or a streamer! Or a podcaster.
Fatcock "Wait... You mean I can cut out the middle-man and get paid to TALK about fucking all of the women? Shit bro, sign me up. You see, I got this mindset dawg... And it's like... Bro... You gotta get some assests. Right? And you can't SPELL asset without 'ass'? Right? You see. I got this way of talking to em, right? I thought it up with my thinky thoughts, bro."
Hym 😒 "Oh? Yeah? Do you talk to them AS THOUGH... you ALREADY KNOW... YOU... Are GOING to fuck them?"
Fatcock "Uh-er, Wha-"
Hym "Like you KNOW they are going to do the thing that they ARE GOING TO DO... and there aren't any REAL, LASTING consequences to your interaction (negative or positive) because when I say 'THEY are going to fuck you' I don't mean 'THEY' at an individual level but 'THEY' as an abstraction and in aggregate. Like, YOU KNOW you're going to fuck 'them'."
Fatcock "Yeah, buuuuuut 😌☝️ I deserve it... Cus of the mindset. And then I make a bunch of sluts.... But, wait, my FRESH SLUT... SHE doesn't COUNT as a slut. Right? So you gotta respect her becuase she's the good one and, um, I'm also the good one."
Hym 🤨 "Because of the mindset?" 🤨
Hym 😒 "Oh? Yeah? Do you talk to them AS THOUGH... you ALREADY KNOW... YOU... Are GOING to fuck them?"
Fatcock "Uh-er, Wha-"
Hym "Like you KNOW they are going to do the thing that they ARE GOING TO DO... and there aren't any REAL, LASTING consequences to your interaction (negative or positive) because when I say 'THEY are going to fuck you' I don't mean 'THEY' at an individual level but 'THEY' as an abstraction and in aggregate. Like, YOU KNOW you're going to fuck 'them'."
Fatcock "Yeah, buuuuuut 😌☝️ I deserve it... Cus of the mindset. And then I make a bunch of sluts.... But, wait, my FRESH SLUT... SHE doesn't COUNT as a slut. Right? So you gotta respect her becuase she's the good one and, um, I'm also the good one."
Hym 🤨 "Because of the mindset?" 🤨
by Hym Iam March 27, 2023
Get the Assetmug. Richard Johnson has a substantial downreaching capital asset which he intends to extend into emerging cock markets.
by RichardPoenisWeiner September 22, 2022
Get the Downreaching Capital Assetmug. by JLPMS5 October 19, 2020
Get the Assetmug. A-to-Z terms for assorted "stash of cash" type holdings, such as:
bassets: How many fish ya caught (can also refer to how deep musical-notes ya can produce from yer audio system)
brassets: Da total number/amount of copper-alloy items dat ya possess
cassets: Da monetary holdings dat Silas Marner's friend Godfrey shared wif him to help wif Eppie's upbringing; could also refer to how many audio-tapes ya have
classets: Da students attending a particular grade in school
crassets: Da "reserve" of "non G-rated" remarks/actions dat ya are willing/able to perform
gassets: Da quantity of already-produced methane dat ya have "stockpiled" inside yer colon so dat ya can fart on demand
glassets: How many beakers, test tubes, bottles, goblets, etc., dat ya possess
grassets: Can refer to either how lush yer lawn is, or da quantity of cannabis dat ya presently have in yer "happy" stash
bassets: How many fish ya caught (can also refer to how deep musical-notes ya can produce from yer audio system)
brassets: Da total number/amount of copper-alloy items dat ya possess
cassets: Da monetary holdings dat Silas Marner's friend Godfrey shared wif him to help wif Eppie's upbringing; could also refer to how many audio-tapes ya have
classets: Da students attending a particular grade in school
crassets: Da "reserve" of "non G-rated" remarks/actions dat ya are willing/able to perform
gassets: Da quantity of already-produced methane dat ya have "stockpiled" inside yer colon so dat ya can fart on demand
glassets: How many beakers, test tubes, bottles, goblets, etc., dat ya possess
grassets: Can refer to either how lush yer lawn is, or da quantity of cannabis dat ya presently have in yer "happy" stash
Additional examples of "alphabetical assets" include:
lassets: Da names in yer "little black book"
massets: Can refer to either (1) da total volume of bulk dat ya possess, or da total amount dat a Catholic church has accumulated from passing da collection plate
passets: Monetary resources dat ya either had handed to ya or acquired by visiting dat big city in Texas (i.e., "Ell Passo")
sassets: Da number of "juss flippin' yer switchiz" wisecracks dat ya have "on standby" to good-naturedly tease someone
TASSets: How much of yer investment-portfolio is tied up in Russian-news-agency stocks
lassets: Da names in yer "little black book"
massets: Can refer to either (1) da total volume of bulk dat ya possess, or da total amount dat a Catholic church has accumulated from passing da collection plate
passets: Monetary resources dat ya either had handed to ya or acquired by visiting dat big city in Texas (i.e., "Ell Passo")
sassets: Da number of "juss flippin' yer switchiz" wisecracks dat ya have "on standby" to good-naturedly tease someone
TASSets: How much of yer investment-portfolio is tied up in Russian-news-agency stocks
by QuacksO October 28, 2025
Get the alphabetical assetsmug. The 30 day free trial period Bloomberg gives you after losing your job. It enables you to still be part of the financial community after losing your job.
by Chris 29 March 7, 2008
Get the Free Trial Asset Managementmug.