Computers taken on hire by a business for a period of twelve months should be classified as:___________?
ANot an asset
BDeferred revenue expenditure
CCurrent assets
DIntangible assets
Correct answer
A. Not an asset
Explanation
Computers taken on hire by a business for a period of twelve months is not an asset because it is not owned by the business to be classified as asset. Thus, the correct answer is D.. Since it is not an asset it cannot be classified as any asset and other alternatives are not the correct answers.