At the end of an asset's life,after it has been fully depreciated,the total amount of depreciation will equal the asset's depreciable cost,regardless of the depreciation method used.

Question

Quizplus · Accepted Answer

This statement is true because depreciable cost is the cost of the asset that can be depreciated over its useful life, and at the end of the asset's life, the total amount of depreciation taken will equal the depreciable cost. This is because the asset is fully depreciated, meaning that its cost has been expensed over its useful life. It does not matter which depreciation method is used, as long as it accurately reflects the asset's expected useful life and salvage value.

At the End of an Asset's Life,after It Has Been