Answered

Which of the following would be considered an asset?
OA. a building your company owns, but only if there is no mortgage on
it
B. a building your company owns, minus the cost of mortgage
payments
C. a building your company owns, even if there is a mortgage on it
D. a building your company owns, but only if it is leased to a third
party

Verified Answer :

GinnyAnswer

Final answer:

In business, assets hold value and contribute to a company's financial standing. Despite having a mortgage, a building owned by a company is considered an asset.


Explanation:

An asset is any property or object of value that one possesses, usually applicable to the payment of debts. In the context provided, Option C - a building your company owns, even if there is a mortgage on it would be considered an asset because it holds value for the company.

Assets, such as buildings owned by a company, represent ownership shares or properties held with the expectation of yielding a positive return in the future, like rental income. Despite having a mortgage, the building still retains value, hence qualifying as an asset for the company.

These assets play a vital role in a company's financial health, as they are recorded on balance sheets and contribute to the overall net worth and value of the company.


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