If depreciation expense is calculated without taking into account the asset's residual value,depreciation expense will be overstated.

Name: If depreciation expense is calculated without taking into account the asset's residual value,depreciation expense will be overstated.
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Quizplus · Accepted Answer

If residual value is not considered, then the asset's useful life will be shorter than it actually is, leading to more depreciation expense each year and an overall overstatement of the asset's depreciation.

If Depreciation Expense Is Calculated Without Taking into Account the Asset's