_____ Refers to the Fixed,determinable Period of Utility of an Asset

question 89

Multiple Choice

_____ refers to the fixed,determinable period of utility of an asset.

• A) Useful life
• B) Salvage value
• C) Payback period
• D) Disposal value

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Definitions:

Postbox Rule

A legal principle that specifies the exact moment a contract is considered accepted, which is when an acceptance is communicated, even if it has not yet been received by the offeror.

Click-Wrap

A type of agreement where acceptance of terms or conditions is done by clicking on an "I agree" button on a webpage.

Online Communications

Involves the exchange of messages, information, or documents through the internet or electronic devices.

Binding Contract

A legally enforceable agreement between two or more parties that obligates them to perform specific actions or uphold terms.