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  • Feb 7, 2011, 07:28 AM
    Lizajo
    What type of asset is inventory
    In accounting, what type of asset is inventory?
  • Feb 8, 2011, 12:30 PM
    pready

    Inventory is an asset that you are selling to a customer, like a retail store sells clothes or furniture. This type of asset is a Current Asset because you are expecting your inventory to be turned into cash (via a sale of inventory) within one year or one accounting cycle.

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