COMPANY PURCHASE FREEZER FOR GIVING TO THEIR DISTRIBUTERS FOR USE FREE OF COST BUT OWNERSHIP REMAIN WITH COMPANY SO WHETHER IT IS TREATED AS ASSET OF ANY THING ELSE
"An asset is a resource controlled by an enterprise from which future economic benefits are expected to flow to them". When an asset meets this criteria and cost can be measured reliably it should be recorded as an asset. However a note can be appended in notes to accounts that possession of that much asset is with dealers while retaining the ownership.
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