An asset is an item from which economic benefits flow unto an entity (a person or company in control of it). It can be in monetary terms or non-monetary terms. Thus, we can conclude from the question that:
1. A box file - It is an asset.
2. A computer - It is an asset.
3. A plastic display stand - It is not an asset.
An asset is that which ensure a continuous flow of economic benefits to an entity in possession (i.e control) of it. It can either be non-current or current.
A non-current asset is that which would be in the control of the entity for more than one accounting period (i.e a year). Examples are properties, Plants and equipment etc. While the current asset are those that the economic benefits derived from them would be lost after one accounting period (i.e a year). Examples are: purchased goodwill, intangible assets etc.
The items given in the question can be categorized as follows:
1. A box file - It is an asset. Since the entity will continue to use the box for more than a year.
2. A computer - It is an asset. The computer would be used for more than one accounting period.
3. A plastic display stand - It is not an asset. The plastic stand has a high probability of getting damaged even before the end of the accounting period.
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