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.

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Definitions:

Drawer

In banking, the person who writes or creates a check or draft instructing the bank to pay the stated amount to a third party.

Recourse

The legal right to demand a penalty, compensation, or satisfaction for a harm or loss.

Forged

Forged denotes something that has been counterfeit or fraudulently altered or replicated, such as a document, artwork, or signature.

Altered Check

A check that has been tampered with after its original issuance, often changing the name of the payee or the amount, with the intent to defraud.