Which is the most important characteristic that all assets of a business have ........

General Accounting Principles Introduction to Accounting

Which is the most important characteristic that all assets of a business have?

Long life of assets

Value of assets

Intangible nature of assets

Future economic benefits

Future economic benefits is the most important characteristic that all assets of a business have.

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what if the assets not work according the anticipation and its went in loss

NIHARIKA WALIA

then it is charged as impairment of assets - a permanent loss of asset