What does “asset by asset” mean in accounting or valuation?

[riya]

I came across the term “asset by asset” in a financial report and wanted to understand its exact meaning. Does it refer to evaluating or valuing each asset individually rather than as a group or on a consolidated basis? How is this approach typically applied in accounting, taxation, or business valuation?

 

[isabel]

Asset by asset refers to assessed or measuring each individual asset independently of others as opposed to determining the value or tax basis of the group of assets as a whole (often in accounting or valuation) to ascertain the value or tax value of each item in the group.

 

[rajivkumar]

Asset by asset refers to assessing or measuring each individual asset independently of others, as opposed to calculating the value or tax basis of the entire group of assets (often used in accounting or valuation) to determine the value or tax value of each item in the group.