Are the following assets? If so, whose assets, and why?

(a) members of the Australian hockey team

(b) a nine-month lease agreement to rent a business office

(c) expenditure on research and development

(d) an unsigned, documented contractual agreement to build specialised equipment for a client

(e) a building bequeathed to a firm

(f) a five-year option to acquire property, where the option was purchased by the company a year ago.

AppendixLO1