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1 1 . The common characteristic possessed by all assets is a ) Long life b ) Great monetary value ( ) Tangible nature Future economic benefit
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1 1 . The common characteristic possessed by all assets is a ) Long life b ) Great monetary value ( ) Tangible nature Future economic benefit

User Ali Nasserzadeh
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14 votes
14 votes

Answer: d

Step-by-step explanation:

The common characteristic possessed by all assets is the potential for future economic benefit. This potential benefit may be in the form of income, such as from the sale of goods or services, or in the form of appreciation, such as from the increase in value of a piece of property. Assets may have a long life, great monetary value, and a tangible nature, but these are not necessarily common characteristics among all assets.

User Tiny Instance
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