The length of time an asset is expected to generate revenue is ...

[B]

The length of time an asset is expected to generate revenue is called terminal life.
  Indicate whether the statement is true or false

Question 2

Patrick's Paint Supplies purchased 7,600 worth of easels, canvas, and pallets from their supplier to sell in their store. The invoice for the order showed a trade discount of 45.  The Net Price Patrick's Paint Supplies must pay is 4,180.
  Indicate whether the statement is true or false

[Kingjoffery]

Answer to Question 1

FALSE

Answer to Question 2

TRUE

[B]

Wow, this really help

[Liddy]

Thanks for the timely response, appreciate it