Answered: The time an asset is expected to last…

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The time an asset is expected to last is called its a.fiscal period. b.depreciation. c.useful life. d.net loss value.

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter8: Investing Activities

Section: Chapter Questions

Problem 1.3CIC

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Question

The time an asset is expected to last is called its

a.fiscal period.

b.depreciation.

c.useful life.

d.net loss value.

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