French Co Plc Has a Machine with the Following Characteristics

question 32

Multiple Choice

French Co Plc has a machine with the following characteristics:
A more technically advanced machine is expected to be available in 8 years.
It is expected to continue operating efficiently for the next 13 years.
The product that the machine is used to produce is expected to have a viable market for the next 6 years.
What is the period of time that should be used as the useful life of the asset for the purpose of calculating depreciation?

• A)8 years
• B)6 years
• C)13 years
• D)9 years

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Definitions:

Insulin Syringe

A syringe designed specifically for injecting insulin, marked with units of insulin rather than milliliters.

Tuberculin Syringe

A specialized syringe designed for tuberculosis skin testing, typically marked in smaller units for precise measurement of tuberculin doses.

mL

A milliliter (mL) is a unit of volume in the metric system, equivalent to one-thousandth of a liter.