or an item to be an asset to a company it must 1 point Be something the managers can physically touch Have a probable future economic benefit, be under the control of the firm and entirely paid for. Have a probable future economic benefit, be under the control of the firm and be the result of a past transaction 2. Question 2 Stay Nation is a new hybrid hospitality business. They purchase units in condominium associations around the country. But instead of living in the units themselves, they rent them out to people who need relatively long-term accommodations (from one week to a year). They recently purchased a new unit for $100,000. The unit had holes in the walls and badly stained carpets. Stay Nation applied new paint throughout and t