Examveda
Examveda

The assets which have a limited useful life are termed as

A. Limited assets

B. Depreciable assets

C. Unlimited assets

D. None of the above

Answer: Option B

Solution(By Examveda Team)

The assets which have a limited useful life are termed as Depreciable assets. The assets which are held by a business for the production and supply of goods and services, expected to be used for more than an accounting year and have a limited useful life are known as Depreciable Assets.

Join The Discussion

Related Questions on Accounting