In business, assets hold value and contribute to a company's financial standing. Despite having a mortgage, a building owned by a company is considered an asset.
An asset is any property or object of value that one possesses, usually applicable to the payment of debts. In the context provided, Option C - a building your company owns, even if there is a mortgage on it would be considered an asset because it holds value for the company.
Assets, such as buildings owned by a company, represent ownership shares or properties held with the expectation of yielding a positive return in the future, like rental income. Despite having a mortgage, the building still retains value, hence qualifying as an asset for the company.
These assets play a vital role in a company's financial health, as they are recorded on balance sheets and contribute to the overall net worth and value of the company.
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