The Term, Obsolescence, as It Relates to the Useful Life

Multiple Choice

The term, obsolescence, as it relates to the useful life of an asset, refers to:

A) The end of an asset's useful life.
B) Intangible assets that have been fully amortized.
C) The insufficient capacity of a company's plant assets to meet the company's productive demands.
D) A plant asset that is no longer useful in producing goods and services with a competitive advantage.
E) An asset's salvage value becoming less than its replacement cost.