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What is meant by the economic life of an asset?
Suggested Answer: A
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12 comments · newest first
GL
Glenn
2 months ago
D makes sense too. No spare parts means it's time to let go.
RA
Rashida
3 months ago
I lean towards C. Performance matters most for the organization.
TO
Tonette
3 months ago
I think it's A. Cost is key for keeping an asset.
JE
Jestine
3 months ago
Performance standards definitely play a big role, so C is valid too.
DO
Douglass
3 months ago
Wait, can an asset really be useless just because parts are gone?
TE
Terrilyn
3 months ago
I don't think it's just about cost, though. What about skills?
SE
Selma
4 months ago
Totally agree, option A makes the most sense!
BL
Blair
4 months ago
It's basically when keeping the asset isn't cost-effective anymore.
RE
Rebeca
4 months ago
I’m confused about this one. I thought economic life was more about maintenance and parts availability, which could relate to option D.
JU
Julieta
4 months ago
I feel like we covered something similar in class, and I think it was about the age of the asset, which could point to option A again.
AN
Anjelica
4 months ago
I remember discussing how an asset's performance impacts its value, which makes me lean towards option C, but I'm not entirely sure.
YV
Yvonne
4 months ago
I think the economic life of an asset relates to its cost-effectiveness, so maybe option A is correct?