Factors That Should Be Considered in Determining the Useful Life

Multiple Choice

Factors that should be considered in determining the useful life of an intangible asset include

A) Legal, regulatory, or contractual provisions.
B) The residual value of the asset.
C) The entity's expected use of the intangible asset.
D) The effects of obsolescence, competition, and technological change.
E) All of the above choices are used in determining the useful life of an intangible asset.