Which of the following statements best describes the logical relationship between the useful life of an asset and the term of the loan used to purchase it? The useful life of an asset is an accounting concept that is not related to the loan term. The term of the loan should exceed the useful life of the asset being purchased. The term of the loan should be equal to the useful life of the asset being purchased. The term of the loan should be no longer than the useful life of the asset being purchased.

Which of the following statements best describes the logcal celationship betwren the useful life of an awset and the turm of the loan used to purchase it? The anclulate of an assut is an accounting concent that is not related to the loan tesm. The team of the kan shouid te equal to the useful life of the asset being purchaspd: The term of the boac thould ber noloneer than the vicful life of the asset beine purchaned