Final answer:
In the context of accounting, buildings, hardware, software licenses, and software are considered assets because they provide economic value and can be sold or converted into cash, whereas data is not typically considered a tangible or financial asset.
Step-by-step explanation:
The question is which of the following are not considered assets. An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit. Typically, assets are things that can be sold or converted into cash.
Options A (Buildings), B (Hardware), D (Software licenses), and E (Software) are all examples of assets. They are either physical items, such as buildings and hardware, or intangible items with an economic value, like software and software licenses, which can be sold or licensed to another party.
However, option C (Data) is not universally considered an asset in a financial sense because its value is not easily quantifiable and it might not be directly sold. In some contexts, data can be an asset if it can be monetized or provides a competitive advantage, but in a strict accounting sense, it's typically not considered a tangible or financial asset.