What factor will not affect the estimated useful life of property, plant or equipment?

Question

Quizplus · Accepted Answer

The estimated useful life of property, plant, or equipment is determined based on the physical deterioration and wear and tear of the asset over time. Legal life, which is the maximum period that an asset can be legally used, does not affect the estimated useful life since an asset may still be physically usable beyond its legal life. Technological obsolescence, competitive pressures, and productive capacity are factors that may impact the estimated useful life of an asset as they affect the asset's physical deterioration and usefulness over time.

What Factor Will Not Affect the Estimated Useful Life of Property