Question

which of these is the best example of an asset?
○ the electricity in a home
○ the antique diamond necklace someone is wearing
○ the coffee someone drank this morning
○ an old, used airline ticket

Explanation:

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.

• The electricity in a home is a utility being consumed, not an asset (it's an expense as it's used up).
• The antique diamond necklace has economic value, can be sold or appreciated, so it's an asset.
• The coffee drunk is consumed and has no remaining economic value.
• An old, used airline ticket has no value as it's already used and can't be redeemed or sold for benefit.

Answer:

B. the antique diamond necklace someone is wearing