____________ is the estimated remaining period, from the commencement of the lease term, without limitation by the lease term, over which the economic benefits embodied in the asset are expected to be consumed by the entity.

Question

Quizplus · Accepted Answer

Useful life refers to the estimated period over which the economic benefits of an asset are expected to be consumed by the entity, starting from the commencement of the lease term.

____________ Is the Estimated Remaining Period, from the Commencement of the Lease