The average total asset amount will be $ 1.1.
Given,
Total asset at beginning = $ 0.9
Total asset at end = $ 1.3
Average total asset = asset at beginning + asset at end/2
= $ 0.9 + $ 1.3/2
= $ 1.1
An asset is a resource with monetary value that an individual, corporation, or country owns or controls with the expectation of future benefit. A company's assets are reported on its balance sheet. They are divided into four categories: current, fixed, financial, and intangible. They are purchased or created in order to increase the value of a company or to benefit its operations.
An asset is anything that can generate cash flow, reduce expenses, or increase sales in the future, whether it's manufacturing equipment or a patent. Current (or short-term) assets, fixed assets, financial investments, and intangible assets are the four broad categories of assets.
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