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:

Connective Tissue

Tissue that supports, connects, or separates different types of tissues and organs in the body, composed of cells embedded in an extracellular matrix.

Matrix

In biology, the inner substance in which cells, tissue components, or structures are embedded; in mathematics, a rectangular array of numbers or other elements.

Spongy Bone

A porous type of bone tissue found at the ends of bones and within the vertebral bones, characterized by a honeycomb-like structure.

Compact Bone

The dense, hard outer layer of bones that provides strength, structure, and resistance to the body.