Factors Considered in Determining an Intangible Asset's Useful Life Include

question 95

Multiple Choice

Factors considered in determining an intangible asset's useful life include all of the following except ________.

• A) legal provisions
• B) effects of technological advances
• C) contractual factors
• D) the amortization method

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Definitions:

SPT

Shortest Processing Time; a priority rule used in scheduling to sequence jobs by ascending order of their processing times.

LPT

Longest Processing Time, a rule used in job sequencing problems to schedule jobs in descending order of their processing times.

Critical Ratio

A measure in project management and operations research indicating the urgency of a task based on its due date and the time remaining to complete it.

Production Value

The total worth of goods and services produced within a given period, measured often in terms of the cost of production or market value.