A plant asset's useful life is the length of time it is productively used in a company's operations.

Name: A plant asset's useful life is the length of time it is productively used in a company's operations.
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Quizplus · Accepted Answer

A plant asset's useful life is defined as the period during which it is expected to be economically useful to the company. It is determined based on factors such as the asset's physical wear and tear, technological obsolescence, and legal or regulatory limits on its use.

A Plant Asset's Useful Life Is the Length of Time