Homework Answers
Answer -
B. In the current accounting period - within one year or less.
Explanation -
Meaning of short lived assets are that type of asset that will expire in one accouting year or less. Short lived means taking a period of less than one year or one year but not more than that. These are that kind of assets which expire in a short period of one year.
So short lived assets means that assets which will expire in one year or less.
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