consider the following situations.in each case state whether there is an asset or liability within the definition given by the framework.Give readons for your answer

a.Potter Co has manufactured a patent for P200 000.the patent gives the company sole use of a manufacturing process which will save P30 000 a year for the next five years.

b.Capital Co paid Neo P100 000 to set up a car repair shop on condition that priority treatment is given to care from the company's fleet

c.BGG Co provides a warranty with every car sold.