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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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