The Rewards of Ownership of an Asset Include the Possibilities

question 23

Multiple Choice

The rewards of ownership of an asset include the possibilities of gains related to:
I. Realisation of a residual value.
II. Benefits obtained from profitable operation over the underlying asset's economic life.
III. Appreciation in the asset's value.

• A) I only.
• B) I and II only.
• C) I, II and III.
• D) III only.