Ask Experts Questions for FREE Help !
Ask
    vidanko's Avatar
    vidanko Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Nov 7, 2010, 12:59 PM
    Under what conditions can a company extend the economic lives of plan assets?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Nov 8, 2010, 06:44 PM

    The economic life of an asset is a company's estimate of the useful life of the asset, so a company can change the useful life when they think the asset is no longer useful or will be useful longer than their estimated useful life.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Social, political, or economic conditions can alter the nature and meaning of art. [ 2 Answers ]

Social, political, or economic conditions can alter the nature and meaning of art.

Economic conditions and Probability [ 1 Answers ]

Under normal economic conditions, with a 45% probability of occurring, King can expect to earn a net income of $50,000 per year. In a mini-recession, at 25% probability, King will earn $20,000. In a severe recession, at a 20% probability, King will lose $10,000. There is also a slight probability...

Social, political, or economic conditions can alter the nature and meaning of art [ 0 Answers ]

Be certain to support your position with examples that compare and contrast at least two of the following eras: Baroque, Rococo, Neoclassicism, and Romanticism. Choose specific examples of artistic achievements from the two eras. Examples can be drawn from architecture, painting, printmaking, or...

Clinton's economic stimulus plan? [ 9 Answers ]

From the potential "first laddie," husband of the candidate who said "We're going to take things away from you on behalf of the common good," we get a proposed economic 'stimulus' plan: OK, OK, in context: Huh? Best I can tell Hillary wants to take things away from us so we can have...

Is the notion of assets as future economic benefits consistent with historical cost [ 2 Answers ]

'The notion of assets as future economic benefits is completely at odds with the Recording of assets at historical cost'

View more questions Search