Which of the following factors are primarily considered to determine the economic life of an asset?

(A) Passage of time, asset usage, and obsolescence ()
(B) Tax regulations and SEBI guidelines (X)
(C) Tax regulations and asset usage (X)
(D) SEBI guidelines and Asset usage (X)

Answers: Which of the following factors are primarily considered to determine the economic life of an asset Passage of time, asset usage, and obsolescence.