In calculation of depreciation, all of the following items are actually estimates except:
A) Useful Life
B) Residual Value
C) Historical Cost
D) Salvage Value
Correct Answer:
Verified
Q24: Depreciable amount plus residual value of a
Q25: Cost of fixed asset minus accumulated depreciation
Q26: The estimate about useful life of a
Q27: XYZ has imported a machine from abroad.
Q28: Which of the following fixed asset is
Q30: Depreciation means
A)Depletion
B)Amortization
C)Saving of Cash
D)Reduction in the books
Q31: Provision for Depreciation is
A)An appropriation of profit
B)A
Q32: A machine is purchased at a cost
Q33: Depreciation of loose tools is provided by
A)Replacement
Q34: Which of the following is not one
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents