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Which of the following would not be a basis for estimating the useful life of a piece of equipment?
FDIC Insurance
A federal guarantee of safety for depositor funds in member banks, up to a defined limit.
Bank Panics
Situations in which a large number of bank customers attempt to withdraw their deposits simultaneously due to fears that the bank will become insolvent.
Checking Deposits
Balances in bank accounts from which funds can be withdrawn by writing a check or using a debit card, usually without any interest benefits.
Financial Intermediaries
Institutions that act as middlemen in financial transactions, typically between savers and borrowers.
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