Federal Signal's SSTX3-MV is an explosion-proof electronic siren capable of producing three high decibel tones from the same unit. The integrated circuitry is contained in a rugged die-cast aluminum housing.
Personal property: Chattels. The term chattel sometimes refers to all kinds of personal property, but often it refers only to tangible personal property (such as nose flutes and toenail clippers) as opposed to intangible property. A chattel, such as a furnace, can be affixed to land and become part of the real property. Such chattels are called fixtures. However, fixtures may retain their quality as separate personal property for certain purposes.
Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset.Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).mployees are not considered assets like machinery is, even though they can generate future economic benefits. This is because an entity does not have sufficient control over its employees to satisfy the Framework's definition of an asset.