Which of the following are considered to be an asset?
A) deposit on a futures contract
B) asset under finance lease
C) deferred acquisition costs
D) All of the given answers are considered assets.

Question

Quizplus · Accepted Answer

All of the given options are considered assets. 
A) A deposit on a futures contract represents funds held in a margin account and is considered an asset.
B) An asset under finance lease is the leased asset itself and is considered an asset.
C) Deferred acquisition costs represent costs that have been incurred but not yet recognized as expenses and are considered an asset.

Which of the Following Are Considered to Be an Asset