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What is the economic life of an asset ? Question 1 2 options: the service life that minimizes the cost of replacing the asset the

What is the economic life of an asset $?$

Question $12$ options:

the service life that minimizes the cost of replacing the asset

the service life that accounts for the costs of an asset replacement

the service life that minimizes the marginal cost of an asset

the service life that minimizes the average cost of an asset over time

the service life that maximizes revenues generated by an asset

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