When Estimating the Useful Life of an Asset, Accountants Do

question 218

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:

Childhood

A stage of human development that spans from infancy to puberty, characterized by rapid physical growth, cognitive development, and emotional maturation.

Kellogg

A multinational food manufacturing company known primarily for its breakfast cereals and convenience foods.

Drawings

A form of visual art that uses any number of drawing instruments to mark paper or another two-dimensional medium.

Scribbles

Early forms of drawing by young children, representing the beginning stages of graphical representation.