The formula for straight-line depreciation is O service life/(cost + residual value). O cost/service life. O(cost + residual value)/service life. O(cost - residual value)/service life.
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The formula for straight-line depreciation is O service life/(cost + residual value). O cost/service life. O(cost + residual value)/service life. O(cost - residual value)/service life.
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- Depreciated replacement cost is equal to the * a. Sound Value b. Net appreciation c. Depreciable amount d. Carrying amountThe estimated economic life of an asset is also known as ________. A. residual value B. book value C. salvage life D. useful lifeWhich of the following is not a factor in computing depreciation for a period? present value residual value method of cost allocation service life
- The difference between cost of the asset and residual value is known as a . Depletion b . Salvage value c . Total cost of the asset . d . Depreciable costThe book value of an asset is equal to thea. Replacement cost.b. Asset’s cost less accumulated depreciation.c. Asset’s fair value less its historical cost.d. Historical cost plus accumulated depreciation.The factors used to compute depreciation expense are an asset's: O Cost, residual value, and service life. O Cost, residual value, and physical life. O Cost, replacement value, and service life. O Fair value, residual value, and economic life.
- An estimate of how an asset will be used up over its useful life is known as what? a. Depreciation rate b. Impairment value c. Useful life d. Salvage valueStraight-line depreciation per annum is defined as: a. Initial Cost / Useful Life b. Initial Cost c. Useful Life d. Initial Cost - Useful Life e. Initial Cost + Useful LifeDefine the following key concepts using examples: useful life carrying value residual value
- The total cost of an asset less its accumulated depreciation is called: Multiple Choice Historical cost. Book value. Present value. Current (market) value. Replacement cost.The depreciation method that applies a constant percentage to depreciable cost in calculating depreciation is Select one: a. none of these. b. straight-line. c. declining-balance. d. units-of-activity.What is the accumulated depreciation in COST and in REPLACEMENT COST?