The service life of an asset may be measured by all of the following except
A)units of output
B)units of activity
C)units of input
D)units of time

Question

Quizplus · Accepted Answer

The service life of an asset can be measured by units of output, which refers to the amount of work or product that the asset produces; units of activity, which refers to the number of times the machine is turned on and used; and units of time, which simply refers to the amount of time the asset is in use. However, units of input, which refers to the amount of resources or materials used in the asset, is not a common way to measure service life.

The Service Life of an Asset May Be Measured by All