which of the following is not considered an asset
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Answer:
Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. ... Hence, a building that has been taken on rent by the business for its use would not be regarded as an assets because company have no ownership of that building.
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Answer:
A building that has been taken on rent by the business for its use .
Explanation:
Business assets include money in the bank, equipment, inventory, accounts receivable and other sums that are owed to the company. Hence, a building that has been taken on rent by the business for its use would not be regarded as an assets because company have no ownership of that building .
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