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Home > QFINANCE Dictionary > Definition of class of assets

Definition of

class of assets

Accounting

categorization of assets the grouping of similar assets into categories. This is done because, under International Accounting Standards Committee rules, tangible assets and intangible assets cannot be revalued on an individual basis, only within a class of assets.

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Definitions of ’class of assets’ and meaning of ’class of assets’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’class of assets’ and other financial terms with our online QFINANCE Financial Dictionary.

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