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Which of the following is a factor to be considered in determining a limited-life intangible asset's useful life?(a)Any legal provisions that may limit the useful life.(b)The expected useful life of any related asset.(c)The effects of obsolescence.(d)All of the answer choices are correct.

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User Anessa
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1 Answer

3 votes

Answer:All of the answer choices are correct.

The following is a factor to be considered in determining a limited-life intangible asset's useful life:

(a)Any legal provisions that may limit the useful life.

(b)The expected useful life of any related asset.

(c)The effects of obsolescence.

It necessary to note that while evaluating a limited life intangible asset the following factors are considered. i.e. legal provisions, effects of obsolescence and etc.

Therefore, in this case the correct option is (d)

answered
User Athlan
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