When Estimating the Useful Life of an Asset, Accountants Do

question 32

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)vulnerability to obsolescence.
• C)expected repairs and maintenance.
• D)the intended use of the asset.

---

Definitions:

Positive Feelings

Emotions or sentiments that are pleasant or beneficial, including happiness, joy, satisfaction, and love.

Disenchantment

A feeling of disappointment about someone or something you previously respected or admired; disillusionment.

Nursing Homes

Residential facilities that provide 24-hour medical and personal care for individuals who are unable to live independently, often due to age, illness, or disability.

Sexual Activity

Actions that involve sexual intercourse or other forms of physical intimacy between individuals.