How does replacement cost depreciation differ from historical cost methods? a) Uses longer life estimates b) Based on current asset values c) Requires straight-line method DIgnores salvage value

Which of the following depreciation methods most closely approximates the method used to deplete the cost of natural resource?   a. Straight-line method b. Double-declining-balance method c. Either the cost model or the revaluation model d. The recoverable amount model

1. Depreciation is best described as a method of a. Asset valuation b. Current value allocation Cost allocation C. d. Useful life determination 2. All of the following factors are considered in determining the useful life of an asset, except a. Expected usage of the asset b. Expected physical wear and tear c. Technical obsolescence d. Residual value 3. Technical or commercial obsolescence arises from a. Expected usage of the asset b. c. Expected physical wear and tear Change or improvement in production or change in the market demand for the product output of the asset d. Expiry date of related lease of the asset 4. The production method of depreciation results in a. Constant charge over the useful life of the asset. b. Decreasing charge over the useful life of the asset. c. Increasing charge over the useful life of the asset. d. Variable charge based on the expected use or output of the asset. 5. What factor must be present under the production method of depreciation? a. Total units…

Is residual value deductible when using accelerated method of depreciation>

When a number of low-cost depreciable assets with similar characteristics, service lives, and residual values is required, which depreciation method should be used? a. Compsite depreciation b. Replacement depreciation c. Group depreciation d. Retirement depreciation

what is Intangible Asset ? what is  Wasting Assets ?  what is  Asset Cost ? what is  Residual Value?     and what are : e) Depreciation Base  f) Book Value   g) Historical Cost ? and also what is Basket Purchase of Non- Current Operating Assets.?

What is a relevant cost? Explain why depreciation on an existing asset is always irrelevant.

Which of the following answers is the correct formula for determining the historical cost of an asset? Select one: O a. historical cost = original value of the asset - accumulated depreciation. O b. historical cost = the basic purchase price of the asset minus any other costs necessary to prepare the asset ready for use. O c. historical cost = the basic purchase price of the asset plus any other costs necessary to prepare the asset ready for use. O d. historical cost = the basic purchase price of the asset only.

Explain the historical cost concept as it applies to long-term operational assets. Why is the book value of an asset likely to be different from the current market value of the asset?

In calculating depreciation, both the long-lived asset's cost and useful life are based on estimates. Select one: O True O False