Factors That Should Be Considered in Determining the Useful Life

question 11

Multiple Choice

Factors that should be considered in determining the useful life of an intangible asset include

• A) Legal, regulatory, or contractual provisions.
• B) The residual value of the asset.
• C) The entity's expected use of the intangible asset.
• D) The effects of obsolescence, competition, and technological change.
• E) All of the above choices are used in determining the useful life of an intangible asset.

---

Definitions:

Gestalt Therapy

A form of psychotherapy that emphasizes personal responsibility and focuses on the individual's experience in the present moment, the therapist-patient relationship, the environmental and social contexts of a person's life, and the self-regulating adjustments people make as a result of their overall situation.

Fritz Perls

A psychiatrist and psychotherapist known for developing Gestalt therapy, a form of psychotherapy that emphasizes personal responsibility and living in the present moment.

Psychoanalysis Therapy

A therapeutic approach developed by Sigmund Freud that seeks to explore unconscious conflicts and desires that are believed to influence behavior.

Psychodynamic Therapy

A form of depth psychology, concentrating on unconscious processes as they are manifested in an individual's present behavior, aiming to explore and resolve conflicts and tensions.