An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. The normal balance of the asset is debit. Do you think your cellphone is an asset?

An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. The normal balance of the asset is debit. Do you think your cellphone is an asset?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter8: Market Failure

Section: Chapter Questions

Problem 4P

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