Question

Includes things such as parking lot surfaces, driveways, fences, shrubs, and lighting systems, however have limited useful lives and are used up.

Answer 1

In the context of business, the subject you are asking about is fixed costs. Fixed costs are expenses that do not vary with the level of production or sales and have limited useful lives.

Step-by-step explanation:

In the context of business, the subject you are asking about is fixed costs.

Fixed costs are expenses that do not vary with the level of production or sales. They are incurred regardless of whether a business is operating at full capacity or not. Examples of fixed costs include parking lot surfaces, driveways, fences, shrubs, and lighting systems.

Fixed costs have limited useful lives and are used up over time. They are considered part of a company's long-term investments.