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When estimating the service life of an asset a. the accountant must determine the physical life of the asset. b. the accountant must determine the
When estimating the service life of an asset
a. | the accountant must determine the physical life of the asset. |
b. | the accountant must determine the functional life of the asset. |
c. | the accountant must consider the firm's experience with similar assets. |
d. | all of the above are true. |
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