250,000/1.08 + 250,000/1.08^2 + 250,000/1.08^3 + 250,000/1.08^4 + 250,000/1.08^5 = $998,177.51 is the correct answer
<h3>
What is an asset?</h3>
An asset is a resource having economic worth that a person, organization, or nation owns or manages with the hope that it may someday be useful.
The balance sheet of a business lists assets. They are divided into four categories: tangible, financial, fixed, and current. They are acquired or produced in order to raise a company's value or improve the operations of the company.
Whether it's manufacturing equipment or a patent, an asset can be viewed of as anything that, in the future, can generate cash flow, lower expenses, or increase sales.
An asset is anything that can increase sales, lower costs, or generate cash flow, whether it be a patent or manufacturing equipment.
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