Which of the following estimates are required when calculating depreciation expense?
1) Depreciation rate
2) Useful life
3) Expected maintenance costs
4) Salvage value
A) 1, 2, and 4
B) 1, 2, 3, and 4
C) 2 and 4
D) 2, 3, and 4

Question

Quizplus · Accepted Answer

Expected maintenance costs are not capitalized, nor do they impact the amount of depreciation per period.

Which of the Following Estimates Are Required When Calculating Depreciation