To measure depreciation, all of the following must be known except:

Name: To measure depreciation, all of the following must be known except :
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The current market value of the asset is not needed to measure depreciation. Instead, it is only needed to determine the net book value of the asset (cost of the asset minus accumulated depreciation) at a given point in time. The other factors listed (estimated residual value, cost of the asset, and useful life) are all necessary to calculate depreciation.

To Measure Depreciation, All of the Following Must Be Known