Which of the following factors is NOT related to the decline in the usefulness of plant and equipment assets and therefore does NOT need to be considered in selecting an appropriate depreciation method?

Question

Quizplus · Accepted Answer

Current replacement cost is not related to the decline in the usefulness of plant and equipment assets and does not affect the selection of a depreciation method. Depreciation methods are chosen based on factors like physical deterioration, obsolescence, and repair/maintenance policies, which directly impact the asset's useful life and productivity.

Which of the Following Factors Is NOT Related to the Decline