The term,obsolescence,as it relates to the useful life of an asset,refers to:
A)The end of an asset's useful life.
B)A plant asset that is no longer useful in producing goods and services with a competitive advantage.
C)The insufficient capacity of a company's plant assets to meet the company's productive demands.
D)An asset's salvage value becoming less than its replacement cost.
E)Intangible assets that have been fully amortized.

Question

Quizplus · Accepted Answer

Obsolescence refers to an asset becoming outdated or no longer useful in producing goods and services with a competitive advantage, even if it is still functional.

The Term,obsolescence,as It Relates to the Useful Life of an Asset,refers