A Consideration in Determining the Useful Life of an Intangible

question 44

Multiple Choice

A consideration in determining the useful life of an intangible asset is not the:

• A) initial cost.
• B) legal, regulatory, or contractual provisions.
• C) provisions for renewal or extension.
• D) expected actions of competitors.

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Definitions:

External Locus of Control

The belief that one's life outcomes are largely determined by external forces beyond one's personal control or influence.

High Self-efficacy Expectations

The belief in one's own ability to succeed in specific situations or accomplish a task, which can play a significant role in how goals, tasks, and challenges are approached.

Self-defeating Behavior

Actions or attitudes that undermine one's own success or well-being.

Choleric Personality

A temperament characterized by energy, passion, and ambition, often leading to assertiveness and competitiveness.