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Question
Asset that has a limited useful life are termed as:
Asset that has a limited useful life are termed as:
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Solution
The correct option is C Depreciation assets
The assets which have a limited useful life are termed as Depreciable assets. The assets which are held by a business for the production and supply of goods and services, expected to be used for more than an accounting year and have a limited useful life are known as Depreciable Assets.
Hence, Option (B) is the correct answer.
The assets which have a limited useful life are termed as Depreciable assets. The assets which are held by a business for the production and supply of goods and services, expected to be used for more than an accounting year and have a limited useful life are known as Depreciable Assets.
Hence, Option (B) is the correct answer.
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