Which of the following factors are primarily considered to determine the economic life of an asset?
ATax regulations and SEBI guidelines
BSEBI guidelines and Asset usage
CTax regulations and asset usage
DPassage of time, asset usage, and obsolescence
Correct answer
D. Passage of time, asset usage, and obsolescence
Explanation
Passage of time, asset usage, and obsolescence is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.