To measure depreciation, all of the following must be known except:
A) market value of asset.
B) residual value of asset.
C) cost of asset.
D) estimated life of asset.

Question

Quizplus · Accepted Answer

While market value of the asset can be helpful in determining the amount of depreciation, it is not strictly necessary. The other options - residual value, cost of asset, and estimated life of asset - are all essential factors in measuring depreciation.

To Measure Depreciation, All of the Following Must Be Known