166k views
3 votes
Which of the following is a factor to be considered in determining a limited-life intangible asset's useful life?(a)Any legal provisions that may limit the useful life.(b)The expected useful life of any related asset.(c)The effects of obsolescence.(d)All of the answer choices are correct.

User Anessa
by
5.4k points

1 Answer

3 votes

Answer:All of the answer choices are correct.

The following is a factor to be considered in determining a limited-life intangible asset's useful life:

(a)Any legal provisions that may limit the useful life.

(b)The expected useful life of any related asset.

(c)The effects of obsolescence.

It necessary to note that while evaluating a limited life intangible asset the following factors are considered. i.e. legal provisions, effects of obsolescence and etc.

Therefore, in this case the correct option is (d)

User Athlan
by
6.2k points