Accountancy, asked by saudagarziazia8167, 1 year ago

The economic life of a depreciable asset may be explained as

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Answered by Akhilrajput1

Economic Life, Service Life, Depreciable Life, and Ownership Life. Asset Lives Defined, Explained, Examples. Assets such as heavy equipment, vehicles, and factory machines have several different "lifespans." These include economic life, depreciable life, service life, and ownership life.

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