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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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