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What factors should a company consider when estimating the useful life of an intangible asset?
Creditors
Parties or institutions to whom money is owed.
External Forces
Factors outside the control of an organization that can impact its performance, including economic trends, regulation, or technological changes.
Long-term Strategies
Approaches or plans developed to achieve goals and objectives over an extended period, focusing on sustainable growth and development.
Cash Budgets
Detailed plans that estimate future cash receipts and disbursements, helping organizations manage their cash flow.
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