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    Lizajo's Avatar
    Lizajo Posts: 1, Reputation: 1
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    #1

    Feb 7, 2011, 07:28 AM
    What type of asset is inventory
    In accounting, what type of asset is inventory?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Feb 8, 2011, 12:30 PM

    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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