Question 24 (1 point) Under IFRS, when a vendor gives a volume rebate to a customer, the vendor should account for it as a(n) reduction of inventory. reduction of revenue. expense. other gain or loss. Question 25 (1 point) Factors considered in determining an intangible asset's useful life include all of the following except any legal or contractual provisions that may limit the useful life. any provisions for renewal or extension of the asset's legal life. the amortization method used. the expected use of the asset