Factor(s)that Might Limit an Intangible Asset's Useful Life Include

question 135

Multiple Choice

Factor(s) that might limit an intangible asset's useful life include

• A)Legal
• B)Regulatory
• C)Contractual
• D)Economic
• E)All of these

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Definitions:

Scarce Resources

Limited supplies of inputs necessary for production, leading to trade-offs and choices in their allocation.

Capital

Assets or money possessed by an individual or organization, which can be used for initiating a business or investment purposes.

Marginal Rate

The additional cost or benefit associated with producing or consuming one additional unit of a good or service.

Transformation

The process of changing or converting one form or state of something into another, often seen in manufacturing and industry.