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lions [1.4K]
3 years ago
9

The useful life of a plant asset is: Multiple Choice Its productive life, but not to exceed one year. Determined by the FASB. Th

e length of time it is productively used in a company's operations. Determined by law. Never related to its physical life.
Business
1 answer:
Ivenika [448]3 years ago
5 0

Answer:

The length of time it is productively used in a company's operations.

Explanation:

Plant Assets are simply said to be the tangible properties (assets) used in a company's operations which by the way must have a useful life of more than one accounting period. It is widely called plant and equipment asset; property asset or fixed assets.

Useful Life is simply the amount of time(usually estimated) an asset(e.g. Plant asset) can be used in a business.

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Read 2 more answers
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LenKa [72]

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7 0
1 year ago
A financial analyst who is employed by a large money management firm (e.g., a hedge fund or insurance company) whose reports are
vladimir1956 [14]

Answer:

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