_____ refers to the fixed,determinable period of utility of an asset.
A) Useful life
B) Salvage value
C) Payback period
D) Disposal value

Question

Quizplus · Accepted Answer

Useful life is the fixed, determinable period of time during which an asset will be productive and generate revenue for the company. It is the period when the asset is expected to contribute to the company's operations, after which it is considered to be fully depreciated and of no further use to the company. Salvage value refers to the amount that can be obtained from the sale or disposal of the asset at the end of its useful life, while payback period and disposal value are not relevant to determining the useful life of an asset.

_____ Refers to the Fixed,determinable Period of Utility of an Asset