The relevant factor(s)in computing depreciation include:

Question

Quizplus · Accepted Answer

All of the choices (cost, salvage value, useful life, and depreciation method) are needed to compute depreciation. The cost and salvage value provide information on the initial value of the asset and its expected value at the end of its useful life, respectively. The useful life is the estimated period of time the asset will provide value to the company. The depreciation method determines how the cost of the asset is allocated over its useful life. Therefore, all factors are essential in computing depreciation.

The Relevant Factor(s)in Computing Depreciation Include