Tangible Standards Are Not Measurable

question 23

True/False

Tangible standards are not measurable.

---

Definitions:

Estimated Life

The projected period over which an asset is expected to be useful in the operations of a business for depreciation purposes.

Capital Expenditure

Long-term investment spent on acquiring or maintaining fixed assets, such as equipment, buildings, or land.

Company Truck

A vehicle owned by a business, used for the company's operations or logistical needs.

Company Car

A vehicle provided by a company for the business and sometimes personal use of its employees.