When Estimating the Useful Life of an Asset Accountants Do

question 247

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) obsolescence factors.
• C) expected repairs and maintenance.
• D) the intended use of the asset.

---

Definitions:

Nay-Saying

Nay-Saying involves consistently responding negatively or skeptically, often in the context of surveys or questionnaires.

Double-Barreled

Pertaining to questions or statements that address two or more issues at once, often leading to confusion or difficulty in answering.

Surveys

Research tools composed of a series of questions designed to gather information about opinions, behaviors, or characteristics.

Archival Studies

Research involving the use of historical records and documents as primary sources of information.