One accounting issue that does not require management to use significant judgments is:
A) the allowance for doubtful accounts.
B) the liability for warranty payments.
C) obsolete inventory.
D) the useful life of equipment for tax purposes.

Question

Quizplus · Accepted Answer

The useful life of equipment for tax purposes is often determined by tax laws and regulations, not by management's judgment.

One Accounting Issue That Does Not Require Management to Use