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.

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Definitions:

Audience

A group of people who gather to watch, listen to, or read a performance, presentation, or work, becoming the receiver of the information or entertainment.

Control Processes

Mechanisms (including selective attention, metacognition, and emotional regulation) that combine memory, processing speed, and knowledge to regulate the analysis and flow of information within the information-processing system. Also called executive processes.

Information-Processing

A cognitive approach that compares the human mind to a computer, emphasizing how information is taken in, used, stored, and retrieved.

Brain

The central organ of the human nervous system, housed within the skull, responsible for coordinating sensory information and directing bodily responses.