Factors That Should Be Considered in Determining the Useful Life

question 33

Multiple Choice

Factors that should be considered in determining the useful life of an intangible asset include

• A) Legal, regulatory, or contractual provisions.
• B) The residual value of the asset.
• C) The entity's expected use of the intangible asset.
• D) The effects of obsolescence, competition, and technological change.
• E) All of these choices are used in determining the useful life of an intangible asset.

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Definitions:

Clinical Expertise

The application of practical skills, knowledge, and judgment by healthcare professionals to ensure effective patient care based on evidence and experience.

Clinical Question

A specific query formulated by healthcare providers to guide the search for evidence that informs clinical decision-making.

Quality Improvement

An ongoing effort to improve products, services, or processes to enhance quality and performance.

Performance Improvement

A systematic process of assessing and enhancing organizational operations to increase the quality and efficiency of services.