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The cost of a long-term asset, subject to wear and tear, obsolescence and technological usefulness, should be amortized over its useful engineering life its useful
The cost of a long-term asset, subject to wear and tear, obsolescence and technological usefulness, should be amortized over its useful engineering life its useful economic life or engineering life whichever is shorter. the life of the product that it serves. the life of the business
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
