Which of the following factors are primarily considered to determine the economic life of an asset??

Accounting Mcqs
BILAL KHATTAK0

A. Passage of time, asset usage, and obsolescence 
B. Tax regulations and SEBI guidelines
C. Tax regulations and asset usage
D. SEBI guidelines and Asset usage

Related Mcqs:

  1. In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life??
  2. The economic life of a building is considered to be at an end under which of the following conditions?
  3. Which of the following enhances the earning capacity of an asset??
  4. The managing director remarked that the secretary was an asset to the company.
  5. Wage and salary criteria are primarily used to determine
  6. Which of these types of expenditure would not be treated as a Capital Expenditure??
  7. Which of the following statements best describes the purpose of depreciation??
  8. Mores are
  9. The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________??
  10. Steam trap is a device that

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