Examlex
Which one of the following statements is false?
Useful Life
The period over which an asset is expected to be available for use by an entity; or the number of production or similar units expected to be obtained from the asset by an entity.
Management Fee
A charge levied by an investment manager for managing an investment fund's assets, often calculated as a percentage of the assets under management.
Supplying Service
The act of providing value to customers through the delivery of services, often entailing expertise, labor, or support in various sectors like technology, hospitality, or consultancy.
Cost
The amount of cash or cash equivalents paid or the fair value of other consideration given to acquire an asset at the time of its acquisition or construction.
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