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A. the cost of the asset can be reliably measured.
B. it is probable that the expected future economic benefits of the asset will flow to the company.
C. the asset must be identifiable, under the control of company and expected to generate future economic benefits.
a. the cost of the assets can be reliably measured.
When we want to recocnize an assets in our report we should focus on 3 criteria at the first time.1- should past time & 2- future economic benefit & 3- right of use for us
Correct Answer is C. The asset must be identifiable, under the control of company and expected to generate future economic benefits.
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