the useful life of an asset is the period over which an asset is expected to be available for use by an entity whiles economic life is the period over which an asset is expected to be useable by one or users
Purchased goodwill should be amortized over its useful economic life.
According to useful life of an asset.
useful life of fixed asset
Any asset with the useful life of one or more than one year is Non-Expendable asset. Any asset with the useful life of less than one year is Expendable asset.
Expensing is the process of spreading the cost over an asset's useful life.
10 years
Purchased goodwill should be amortized over its useful economic life.
Both are essential to modern life.
nothing
A link between economic wants and preferences is always the basic needs that are essential for our daily life. Preferences can be made after defining the economic wants and basic needs of the people involved.
DNA
what is the economic life of sumerian's? what is life for sumerians?
The duration of A Useful Life is 1.05 hours.
According to useful life of an asset.
Annuals are plants that complete their life cycle in one year, biennials take two years to complete their life cycle, and perennials live for multiple years. When selecting plants for a garden, one can distinguish between them by considering how long they will live and how often they will bloom or produce fruit.
their economic life was adictable
True. There are situations, such as viruses or prions, that blur the line between life and non-life due to their unique characteristics that challenge traditional definitions of life.