In order to calculate depreciation,the current market value of the equipment,the salvage value,and the estimated useful life must be known.

Name: In order to calculate depreciation,the current market value of the equipment,the salvage value,and the estimated useful life must be known.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To calculate depreciation, you need to know the initial cost of the asset, its salvage value, and its estimated useful life. The current market value is not required for depreciation calculations.

In Order to Calculate Depreciation,the Current Market Value of the Equipment,the