Cryptocurrency Q&A
What does assets legacy mean?
What does assets legacy mean?
BonsaiStrength
Thu Dec 26 2024
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7 answers
1939
I'm trying to understand the meaning of the term 'assets legacy'. Could someone explain what it signifies in the context of financial or estate planning?
7 answers
Eleonora
Sat Dec 28 2024
An asset that has lingered on a company's balance sheet for an extended duration is often referred to as a legacy asset.
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alexander_jackson_athlete
Sat Dec 28 2024
These assets typically represent items or investments that were once considered valuable.
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BitcoinBaron
Sat Dec 28 2024
Over time, however, they may have become obsolete due to technological advancements or market changes.
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GangnamGlamourQueen
Sat Dec 28 2024
As a result, they lose significant portions of their initial worth.
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Caterina
Fri Dec 27 2024
Many companies struggle with how to manage and account for these outdated assets.
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