Briefly discuss and list the primary groups of assets on the balance sheet of Suntrust Bank, Inc. See attached balance sheet.
Primary groups are:
Fixed Assets - those lasting more than one year and not used up in production - equipment, machinery, buildings, etc. They can be divided into:
Freehold assets - where the business has full ownership of the assets.
Leasehold assets - agreement permitting the leaseholder the right to use the asset for a fixed period in exchange for a regular ...
This explains the primary groups of assets on the balance sheet of Suntrust Bank