Which of the following would be considered as an asset for accounting purposes?
A)Employees who work for the company
B)Research into new products for the company
C)A building owned by the company but rented out
D)Advertising spent on attracting customers to the company

Question

Quizplus · Accepted Answer

A building owned by the company but rented out would be considered as a tangible asset for accounting purposes. Employees, research, and advertising are intangible assets and are not recognized as assets in accounting.

Which of the Following Would Be Considered as an Asset