When Estimating the Useful Life of an Asset Accountants Do

question 247

Multiple Choice

When estimating the useful life of an asset accountants do not consider

• A) the cost to replace the asset at the end of its useful life.
• B) obsolescence factors.
• C) expected repairs and maintenance.
• D) the intended use of the asset.

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Definitions:

Antibiotic Antagonism

A phenomenon where one antibiotic interferes with the activity of another, leading to a decrease in effectiveness against bacterial infections.

Diploid

A cell or organism having two sets of chromosomes, one from each parent, typical of somatic cells in animals and plants.

Chitin

A long-chain polymer of N-acetylglucosamine, a derivative of glucose, found in the exoskeletons of arthropods and cell walls of fungi.

Cellulose

A complex carbohydrate that is the primary component of plant cell walls, providing structural support.