Factors that determine depreciation are cost, salvage value, and useful life.

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Quizplus · Accepted Answer

Cost, salvage value, and useful life are indeed the factors that determine depreciation of an asset. Cost is the initial cost of the asset, salvage value is the estimated value of the asset at the end of its useful life, and useful life is the estimated time period over which the asset will be used. These three factors are used to calculate the depreciation expense of an asset over its useful life.

Factors That Determine Depreciation Are Cost, Salvage Value, and Useful