q what is assetasset - an economic resource which, Financial Accounting

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q what is assetasset - an economic resource which

Q. What is Asset?

Asset - An economic resource which is expected to be of benefit in the future. Probable futureeconomic benefits attained as a result of past transactions or events. Anything of value to whichthe firm has a legal claim. Any owned intangible or tangible object having economic value usefulto the owner.

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