Here are the general definition and recognition criteria for assets. For each criterion, provide the related revenue recognition criteria.
a. The entity gives up the future benefits embodied in the asset.
b. The entity gives up control of the resource and therefore removes the item as an asset.
c. The future inflows of resources (e.g., from accounts receivable)are reasonably measurable.
d. The future inflows of resources (e.g., from accounts receivable)are probable.

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The Answer of Here are the general definition and recognition criteria for assets. For each criterion, provide the related revenue recognition criteria.
a. The entity gives up the future benefits embodied in the asset.
b. The entity gives up control of the resource and therefore removes the item as an asset.
c. The future inflows of resources (e.g., from accounts receivable)are reasonably measurable.
d. The future inflows of resources (e.g., from accounts receivable)are probable.

Here Are the General Definition and Recognition Criteria for Assets