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    Financial Accounting Information for Decisions
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    Exam 8: Reporting and Analyzing Long-Term Assets
  5. Question
    The Useful Life of a Plant Asset Is
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The Useful Life of a Plant Asset Is

Question 143

Question 143

Multiple Choice

The useful life of a plant asset is:


A) The length of time it is used productively in a company's operations.
B) Never related to its physical life.
C) Its productive life,but not to exceed one year.
D) Determined by the FASB.
E) Determined by law.

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