Which of the Following Is Not a Factor to Be

question 13

Multiple Choice

Which of the following is not a factor to be considered when determining the useful life of an intangible asset?

• A) Legal, regulatory or contractual provisions.
• B) The effects of obsolescence.
• C) The expected use of the asset by the organization.
• D) The fair value of the asset.
• E) The level of maintenance expenditures that will be required to obtain expected future benefits.

---

Definitions:

Emotional Ties

The connections formed between individuals based on feelings of affection, love, or emotional bonds.

Intimate Group

A small, close-knit group characterized by strong emotional ties, warmth, and a high degree of personal interaction.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

Material Resources

Tangible assets and resources such as cash, real estate, and personal property that can be used to achieve goals or meet needs.