What Factor Will Not Affect the Estimated Useful Life of Property

question 10

Multiple Choice

What factor will not affect the estimated useful life of property, plant or equipment?

• A)Legal life of the asset.
• B)Technological obsolescence.
• C)Competitive pressures.
• D)Productive capacity.

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Definitions:

Chapter 7

A provision under the U.S. Bankruptcy Code that deals with liquidation, where a debtor's assets are sold to pay off creditors.

Discharge

The release or extinguishment of an obligation, debt, or liability; in legal contexts, it can refer to the dismissal of a case.

Granted

Given or allowed, often in response to a request.

Exempt

To free or release from an obligation, requirement, or other restriction, typically used in legal, financial, or regulatory contexts.