Which Factor Will Affect the Estimated Useful Life of Property

question 17

Multiple Choice

Which factor will affect the estimated useful life of property, plant or equipment?

• A)Legal life of the asset.
• B)Technological obsolescence.
• C)Residual value.
• D)Salvage value.

---

Definitions:

Composite

A material made from two or more different substances that, when combined, produce a material with characteristics different from the individual components.

Scoria Cone

A type of volcanic cone formed from fragments of lava thrown from an erupting vent, characterized by loose, scoria rocks.

Shield

A vast geological area composed of old, stable, and typically flat Precambrian rock, often found on continents.

Mount St. Helens

Mount St. Helens is an active volcano located in the state of Washington, USA, known for its major eruption on May 18, 1980.