Heritage assets have characteristics that create doubt about whether or not they satisfy the definition of an asset.These characteristics include:
A) They are not expected to generate net economic benefits.
B) They never generate cash inflows.
C) They are unlikely ever to be sold.
D) They are not expected to generate net economic benefits and they are unlikely ever to be sold.

Question

Quizplus · Accepted Answer

Heritage assets are not necessarily purchased or held for their financial value as they may have significant cultural or historical value, and are unlikely to be sold. Additionally, they may not generate net economic benefits, as they are often maintained for preservation purposes rather than profit.

Heritage Assets Have Characteristics That Create Doubt About Whether or Not