Concept:An asset is any resource owned by a business that was acquired at a monetary cost and is expected to provide future economic benefits.Explanation:For an item to be recognised as an asset, it must be measurable in monetary terms.It must also be able to generate future benefits for the business.Tangible and intangible qualities are simply forms assets can take; they are not what makes something an asset.So the essential features are a monetary cost and a future benefit.Answer:C. monetary cost and future benefit