Arguments in Favour of Including 'Exchangeability' as an Essential Criterion

Multiple Choice

Arguments in favour of including 'exchangeability' as an essential criterion for the identification of an asset under the IASB (AASB) Framework include which of the following?

A) That assets should be separable from the entity and have a separate disposal value
B) That exchange is only one way to obtain the benefit of an asset
C) That economic value depends upon scarcity and utility,but not on exchangeability
D) None of the above are arguments in favour of including exchangeability as an essential characteristic of an asset.