How many of these factors will have an effect on the amount of depreciation charged on an asset in a particular accounting period?
$\bullet$Cost or revalued amount of asset
$\bullet$The size of the asset
$\bullet$Method of depreciation used
$\bullet$ Estimated residual value of asset

Question

Quizplus · Accepted Answer

The size of the asset, method of depreciation used, and estimated residual value of the asset will all have an effect on the amount of depreciation charged on an asset in a particular accounting period. The cost or revalued amount of the asset may also impact the amount of depreciation, but it is not always a determining factor. Therefore, the correct choice is C, which includes all three factors that will have an effect on the amount of depreciation.

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