The factors considered in determining the useful life of an intangible asset include:
A)technical,technological,commercial or other types of obsolescence
B)typical product life cycles for the asset
C)expected actions by competitors or potential competitors
D)all of the above

Question

Quizplus · Accepted Answer

The useful life of an intangible asset is determined based on various factors such as technical, technological or commercial obsolescence, typical product life cycles, and expected actions by competitors or potential competitors. Therefore, all of the options A, B, and C are important factors in determining the useful life of an intangible asset.

The Factors Considered in Determining the Useful Life of an Intangible