Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The term useful life in the fixed asset ledger is considered to be useful to the preparer and the user because it ________________ . Group

The term useful life in the fixed asset ledger is considered to be useful to the preparer and the user because it ________________ .

Group of answer choices

A. tells how long the asset is expected to be used until it is sold

B. the number of years it will be used before it is retired

C. tells the accountant the depreciation period the assets will be depreciated over

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bookkeeping And Auditing A Career Guide

Authors: Harry Watts

1st Edition

1639878106, 1639878106

More Books

Students also viewed these Accounting questions