What factor will not affect the estimated useful life of a finite lived intangible asset?
A)Legal life of the asset.
B)Technological obsolescence.
C)Physical condition of the asset.
D)Certainty of future cash flows.

Question

Quizplus · Accepted Answer

The physical condition of the asset does not affect the estimated useful life of a finite lived intangible asset because intangible assets do not have a physical component. The legal life of the asset, technological obsolescence, and certainty of future cash flows are all factors that can impact the estimated useful life of an intangible asset.

What Factor Will Not Affect the Estimated Useful Life of a Finite