How many of these factors will have an effect on the amount of depreciation charged on an asset in a particular accounting period?
.Estimated useful life of asset
.Cost or revalued amount of asset
.Estimated residual value of asset
.Method of depreciation used

Question

Quizplus · Accepted Answer

All four factors will have an effect on the amount of depreciation charged on an asset in a particular accounting period. The estimated useful life of the asset, the cost or revalued amount of the asset, and the estimated residual value of the asset are all important in determining the amount of depreciation. Additionally, the method of depreciation used (such as straight-line, reducing balance, or units of production method) will also affect the amount of depreciation charged.

How Many of These Factors Will Have an Effect on the Amount