Answered: The estimated economic life of an asset…

The estimated economic life of an asset is also known as ________. A. residual value. B. book value. C. salvage life. D. useful life.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 9MC: The estimated economic life of an asset is also known as ________. A. residual value B. book value...

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Question

The estimated economic life of an asset is also known as ________.

		A. residual value.
		B. book value.
		C. salvage life.
		D. useful life.

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