The depreciable amount is the historical cost of the non-current asset,or revalued amount substituted for historical cost in the financial report,less the net amount expected to be recovered on disposal of the asset at the end of its useful life.

Question

Quizplus · Accepted Answer

This statement accurately reflects the definition of depreciable amount. It takes into account the historical cost or revalued amount of the asset, as well as the expected net amount upon disposal, to determine the depreciable amount for accounting purposes.

The Depreciable Amount Is the Historical Cost of the Non-Current