The primary attribute of all assets is
A) service potential.
B) productive capacity.
C) historical cost.
D) service contribution.

Question

Quizplus · Accepted Answer

The primary attribute of all assets is their service potential, which refers to the ability of an asset to contribute directly or indirectly to the future net cash flows of an entity. This encompasses how an asset can be used to produce goods, provide services, or generate revenue in some way.

The Primary Attribute of All Assets Is