### Identifying Asset Spending Items

An asset is something that has value and can provide future economic benefits. In the context of spending items, we are looking for items that can be classified as assets rather than expenses or liabilities.

1. **Insurance Bill**: Generally classified as an expense, as it does not provide a direct future economic benefit.
2. **Car**: This is considered an asset because it has value and can appreciate or be used transportatively, and could be sold for cash.
3. **Desk**: This is also considered an asset (if owned) as it can be used as office furniture and has resale value.
4. **Dinner Out**: This is primarily an expense for consumption and does not have lasting value as an asset.
5. **Petrol**: Identified as an expense necessary for the operation of a vehicle but does not represent an asset.
6. **Rent**: This is an expense as it is a payment for temporary usage of property and does not accumulate into ownership.

### Summary of Findings
The items that qualify as assets from the given options are:

- **B. Car**
- **C. Desk**

### Final Answer
The spending items that are assets are **B. Car** and **C. Desk**.

Question

### Identifying Asset Spending Items

An asset is something that has value and can provide future economic benefits. In the context of spending items, we are looking for items that can be classified as assets rather than expenses or liabilities.

1. **Insurance Bill**: Generally classified as an expense, as it does not provide a direct future economic benefit.
2. **Car**: This is considered an asset because it has value and can appreciate or be used transportatively, and could be sold for cash.
3. **Desk**: This is also considered an asset (if owned) as it can be used as office furniture and has resale value.
4. **Dinner Out**: This is primarily an expense for consumption and does not have lasting value as an asset.
5. **Petrol**: Identified as an expense necessary for the operation of a vehicle but does not represent an asset.
6. **Rent**: This is an expense as it is a payment for temporary usage of property and does not accumulate into ownership.

### Summary of Findings
The items that qualify as assets from the given options are:

- **B. Car**
- **C. Desk**

### Final Answer
The spending items that are assets are **B. Car** and **C. Desk**.

Knowee AI · Accepted Answer

### Identifying Asset Spending Items

An asset is something that has value and can provide future economic benefits. In the context of spending items, we are looking for items that can be classified as assets rather than expenses or liabilities.

1. **Insurance Bill**: Generally classified as an expense, as it does not provide a direct future economic benefit.
2. **Car**: This is considered an asset because it has value and can appreciate or be used transportatively, and could be sold for cash.
3. **Desk**: This is also considered an asset (if owned) as it can be used as office furniture and has resale value.
4. **Dinner Out**: This is primarily an expense for consumption and does not have lasting value as an asset.
5. **Petrol**: Identified as an expense necessary for the operation of a vehicle but does not represent an asset.
6. **Rent**: This is an expense as it is a payment for temporary usage of property and does not accumulate into ownership.

### Summary of Findings
The items that qualify as assets from the given options are:

- **B. Car**
- **C. Desk**

### Final Answer
The spending items that are assets are **B. Car** and **C. Desk**.

Select the spending item(s) that are assets.You can select more than one answer.A.Insurance billB.CarC.DeskD.Dinner outE.PetrolF.Rent

Question

Select the spending item(s) that are assets. You can select more than one answer.

Solution

Identifying Asset Spending Items

Summary of Findings

Final Answer

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