Which of the following is not a factor affecting the calculation of straight-line depreciation?
A) Useful life.
B) Residual value.
C) Carrying amount.
D) Cost.

Question

Quizplus · Accepted Answer

Straight-line depreciation is calculated based on the cost of the asset, its residual value, and its useful life. The carrying amount, which is the asset's cost minus its accumulated depreciation, does not directly affect the calculation of straight-line depreciation.

Which of the Following Is Not a Factor Affecting the Calculation