The useful life of a plant asset is:
A) The length of time it is used productively in a company's operations.
B) Never related to its physical life.
C) Its productive life,but not to exceed one year.
D) Determined by the FASB.
E) Determined by law.
Correct Answer:
Verified
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A)Current assets.
B)Used in operations.
C)Natural resources.
D)Long-term
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