Failure to Achieve a Maximum Potential Life Span Results from All

question 99

Multiple Choice

Failure to achieve a maximum potential life span results from all of the following EXCEPT

• A)destructive environmental factors.
• B)retirement.
• C)behavioral factors.
• D)genetics.

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Definitions:

Economic Life

Refers to the expected period of time during which an asset is useful to the average owner.

Non-Cancelable

A term used in contracts and agreements indicating that the contract cannot be canceled or terminated by the parties involved without consequences.

Nonrenewable

Resources or energy sources that cannot be readily replaced by natural means at a pace quick enough to keep up with consumption.

Implicit Rate

The interest rate inherent in a lease, not explicitly stated, used to determine lease payments.