Which of the following is a primary characteristic of a transaction-specific asset?
A)It has the ability to generate value only when used for several purposes together.
B)It is an intangible asset whose value is very hard to evaluate.
C)It is an asset that can be transported or transferred with ease.
D)It can generate maximum value only when used for a particular purpose.

Question

Quizplus · Accepted Answer

A transaction-specific asset refers to an asset that has value only in a specific transaction or use, and its value is maximized when used for that particular purpose. This means that the asset is not easily transferable or usable in other transactions, making it less valuable outside of the specific transaction or use for which it was intended.

Which of the Following Is a Primary Characteristic of a Transaction-Specific