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Question

Which of the following is most likely an essential characteristic of an asset?

A An asset is tangible Correct Answer Incorrect Answer
B An asset is obtained at a cost Correct Answer Incorrect Answer
C An asset provides future-benefits Correct Answer Incorrect Answer
D An asset can be sold Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

An asset should provide future benefits in the life tenure of a company.

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