13. An item can be reported as an asset if it passes three of the following tests. Select “yes” for these and “no” for the others.
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Write My Essay For Me(a) Item is valuable. [yes/no]
(b) Item is located in a building owned by the entity. [yes/no]
(c) Item is used by the entity. [yes/no]
(d) The entity has ordered the item. [yes/no]
(e) Item was acquired at a measurable cost. [yes/no]
(f) Item is owned or controlled by the entity. [yes/no]
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