When determining the useful life of an asset, which of the following must one consider?...
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Accounting
When determining the useful life of an asset, which of the following must one consider?
i. Expected usage of the asset.
ii. Expected physical wear and tear.
iii. Technical, or commercial obsolescence
iv. Legal, or similar, limits on the use of the asset
v. Interest rates.
a. i. i, ii only
b. ii. i, iii only
c. iii. i , iv only
d. iv. ii, iii only
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