1. Future economic benefits for the business
  2. All kinds of benefits for the business
  3. Expenses for the business
  4. Merits & Demerits for the business
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1 Answers

Answer: Option 1

An asset possesses future economic benefits for the business. An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide a future benefit.

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