The Useful Life of an Asset Is Estimated by the Length

question 2

Short Answer

The useful life of an asset is estimated by the length of time it is expected to generate ____________________.

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Definitions:

Significant Other

A person of great importance in one's life, typically a romantic or life partner.

Generalized Other

A concept in sociology that refers to the general notion that a person has of the common expectations and attitudes in society.

Adaptation

Is the process of changing one’s actions to maximize the degree to which an environment satisfies one’s needs and interests.

Socialization

The process by which individuals learn and internalize the values, beliefs, and norms of their society, shaping their behaviors and personality.