Question: In what way does an asset's service life differ from its physical life? An asset's service life is the time an asset will be used

In what way does an asset's service life differ from its physical life?

An asset's service life is the time an asset will be used by a company, while its physical life is how long the asset will last.

Calculation of an asset's service life includes consideration of the asset's salvage value, while calculation of its physical life does not.

An asset's service life is the length of time an asset is of use to its original owner, while its physical life is how long the asset will be used by its all owners.

An asset's service life is always longer than its physical life.

In what way does an asset's service life differ from its

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