An Asset Is Considered to Be Obsolete ________

question 23

Multiple Choice

An asset is considered to be obsolete ________.

• A) only when it wears out
• B) only at the end of its useful life
• C) when it is fully depreciated
• D) when a newer asset can perform the job more efficiently than the old asset can

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Definitions:

YouTube Celebrity

An individual who has gained a significant following and fame through creating content on the YouTube platform.

Secondary Drive

A learned or acquired drive that has an indirect association with physiological needs, such as the desire for money.

Optimal Level

The most favorable point, degree, or amount of something for a specific purpose, which maximizes efficiency or outcomes.

Task Performance

describes the execution and completion of a specific job or task, often measured in terms of efficiency and effectiveness.