To measure depreciation for a tangible long-lived asset, all of the following must be known except:

Name: To measure depreciation for a tangible long-lived asset, all of the following must be known except :
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Question

Quizplus · Accepted Answer

Current market value is not necessary to know when calculating depreciation for a tangible long-lived asset. The other three factors (estimated residual value, historical cost, and estimated useful life) are essential in determining depreciation.

To Measure Depreciation for a Tangible Long-Lived Asset, All of the Following