Examlex
Which of the following is a factor of production?
Useful Life
The estimated period over which an asset is expected to be utilized by an entity, affecting its depreciation or amortization rates.
Carrying Amount
The value at which an asset or liability is recognized on the balance sheet after deducting any accumulated depreciation, impairment, or amortization.
Technology
The application of scientific knowledge for practical purposes, specifically in industry and commerce, including the development and use of digital tools and systems.
Straight-Line Method
An accounting method of depreciation where the value of a fixed asset is reduced uniformly over its useful life.
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