All of the following factors in computing depreciation are estimates except
A) cost.
B) residual value.
C) salvage value.
D) useful life.

Name: All of the following factors in computing depreciation are estimates except A) cost. B) residual value. C) salvage value. D) useful life.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Cost represents the actual amount paid for the asset and is not an estimate. Residual value, salvage value, and useful life are estimates because they rely on assumptions about the future value and useful life of the asset.

All of the Following Factors in Computing Depreciation Are Estimates