A plant asset's useful life might not be the same as its productive life.

Name: A plant asset's useful life might not be the same as its productive life.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A plant asset may have a useful life, which is the period for which it can be economically used to produce goods or services, and a productive life, which is the period during which it actually produces goods or services. These two time periods are not necessarily the same.

A Plant Asset's Useful Life Might Not Be the Same