Does an asset have to generate income By definition or can an asset be something of value that if sold is cash for you. ?
- BillLv 61 month agoFavorite Answer
An asset doesn’t have to generate income. Gold in your safe don’t generate income. The house you live in doesn’t generate income. A company stock that doesn’t pay a dividend doesn’t generate income. Your coin collection doesn’t generate income. Etc.
- fcas80Lv 71 month ago
It is something of value. Many assets do not generate income. Cash in a zero interest checking account generates no income.