The leeway arises when the company decides how long any particular asset will last.

- A projection of incurring losses associated with the particular asset.

Controls are then identified to mitigate risk on the particular asset.

Six Flags' potential for summer jobs is considered a particular asset.

This is an investment strategy based on the outlook for an aggregate market, rather than for a particular financial asset.

What should they do with a particular asset?

Battles broke out over which company owned a particular asset.

The valuation of particular assets in the firm's portfolio?

The figure you now have is the chargeable gain for this particular asset.

In theory, this price pressure should balance market prices to accurately represent the "fair value" of a particular asset.