Which of the following is not an asset?
A)The house that you rent
B)Your car, which you financed
C)Your coin collection given to you by your grandfather
D)Your textbooks

Question

Quizplus · Accepted Answer

The house that you rent is not an asset because it is not owned by you. It is owned by the landlord or property owner who is renting it out to you. The other options - your car, coin collection, and textbooks - are assets because they have value and are owned by you.

Which of the Following Is Not an Asset