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A business asset is any property of value—including tangible assets (real estate, machinery, buildings, building fixtures, tools, vehicles, equipment, computers, printers, furniture, warehouse shelving, cash, inventory), and intangible assets (accounts receivable, prepaid expenses, software licenses, vendor relationships, corporate brand, patents, copyrights, trademarks, goodwill, trade secrets).

In Alaska, as in other states, a business asset encompasses anything of value that a business owns or controls. Tangible assets include physical items such as real estate, machinery, buildings and their fixtures, tools, vehicles, equipment, computers, and inventory. Intangible assets are non-physical and include items such as accounts receivable, prepaid expenses, software licenses, business relationships, brand recognition, and intellectual property like patents, copyrights, trademarks, and trade secrets. The valuation and treatment of these assets can be important for various business activities, including accounting, taxation, and legal transactions. Alaska state statutes and federal law provide the regulatory framework for how these assets are to be handled legally, including their sale, transfer, and taxation. For instance, the Alaska Statutes Title 10 covers corporations and partnerships, which would include aspects of asset management and transactions. Additionally, federal laws such as the Internal Revenue Code would govern the tax implications of business assets.

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Business

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Wall Street Quality Legal Services Customized for Main Street Businesses

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Alaska State Code

Alaska State Code

Business

assets

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