Question

1. Explain the differences in site, physical asset, human asset, and dedicated asset specificity.

Answer 1

Physical asset = Although physical assets commonly come to mind when one thinks of assets, not all assets are tangible. Trademarks, patents, and goodwill are examples of intangible assets. According to the Financial Accounting Standards Board, a physical asset, like all assets, must provide reasonably estimable future economic benefits, must be controlled by the owner, and must be the result of a prior event or transaction (such as a purchase). Companies often record physical assets on their balance sheets as property, plant, and equipment.

Human Assets = Human capital is an impalpable resource or quality not recorded on an organization's accounting report. It tends to be delegated the monetary estimation of a laborer's understanding and abilities. This incorporates resources like instruction, preparing, knowledge, abilities, wellbeing, and different things businesses worth, for example, unwaveringness and dependability.

Dedicated Assets = Devoted Assets implies any capital resources that Durect gets after the Effective Date for the Durect Development Activities. Dedicated Assets implies unmistakable resources and gear, barring Software, that are utilized by SI exclusively for the presentation of the Services.