Question: (LO 3-3) The term useful life in the fixed asset subledger is considered to be helpful to the preparer and the user because it .

(LO 3-3) The term “useful life” in the fixed asset subledger is considered to be helpful to the preparer and the user because it .

a. tells how long the asset is expected to be used until it is sold

b. the number of years it will be used before it is retired

c. tells the accountant the depreciation period the assets will be depreciated over

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