One Factor That Is Not Considered in Determining the Useful

question 62

Multiple Choice

One factor that is not considered in determining the useful life of an intangible asset is

• A) salvage value.
• B) provisions for renewal or extension.
• C) legal life.
• D) expected actions of competitors.

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Definitions:

Replace Customers

The practice of finding new customers to compensate for those who no longer do business with a company, maintaining or growing the customer base.

Orphaned

In a business context, refers to accounts, clients, or projects that no longer have a specific person or team assigned to manage them.

Sales Representative

A person employed by a company to sell its products or services to customers, often responsible for managing customer relationships and achieving sales targets.

Television Station

A service provider or facility that delivers television programming through over-the-air broadcasts to viewers in a specific geographic area.