All of the following are used in estimating a depreciable asset's useful life except
A)the asset's present condition.
B)the useful life required by the government for tax purposes.
C)experience with similar assets.
D)current technology and industry trends.

Question

Quizplus · Accepted Answer

The useful life required by the government for tax purposes is not a relevant factor in estimating a depreciable asset's useful life. Factors such as the asset's present condition, experience with similar assets, and current technology and industry trends are all important in determining the useful life of a depreciable asset.

All of the Following Are Used in Estimating a Depreciable