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Question

The ratio of a firm’s property, plant, and equipment, net of accumulated depreciation, to its annual depreciation expense is an estimate of:

A Average age of firm’s assets Correct Answer Incorrect Answer
B Remaining useful life of firm’s assets Correct Answer Incorrect Answer
C Net depreciation Correct Answer Incorrect Answer
D None of the above Correct Answer Incorrect Answer
E Total depreciation Correct Answer Incorrect Answer

Solution

Remaining useful life of firm’s assets =   Net Property Plant and Equipment/depreciation expenses

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