In calculating depreciation, the life of an asset refers to its:physical life.legal life.useful life.technological life.
Question
Solution 1
In calculating depreciation, the life of an asset refers to its useful life.
Here's why:
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Physical life: This refers to how long the asset will last physically, which may not necessarily align with how long it can be effectively used in a business.
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Legal life: This term is often used in the Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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