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Video instructions and help with filling out and completing Are Form 8865 Assets

Instructions and Help about Are Form 8865 Assets

Hi there students! And acid is a countable now, okay? We use the word acid in two slightly different ways, although the meaning is similar. An asset can be something that is useful, something that is beneficial. So, being able to speak good English is an asset if you're trying to find a job. The other place where we use the word asset is in accounting, in accounts. An asset is a thing, an item that is owned by a person or a company that has a value that can be sold to pay debts or meet commitments. So, if a company has a balance sheet, the assets, the things that the company owns, are on one side and the debts and obligations are on the other, and you balance the two. So, either about an asset, we use it generally to mean something beneficial, something good, or we use it in accounting to say something that you can sell. They could be tangible or intangible. You would have tangible and intangible assets. For example, the brand name of the company is an intangible, not real, not something that you can touch asset. It could be sold for money, but it's not a physical thing. So, an asset is something useful. Experience is an asset when doing a job. Her leadership abilities were a real asset when tackling this problem. She was a great asset to the group. The tents and the equipment that we took on our holiday was a real asset when we couldn't find somewhere to stay. Okay, so something that's useful or beneficial. Okay, what about the origin of this? Well, this word comes from French. The French word "as-si" means "enough". And that, in itself, comes from Latin "ad-satis" meaning "to satisfaction" or "enough". So,...