The relevant factor(s) in computing depreciation include: A. Cost. B. Residual value. C. Useful life. D. Depreciation method. E. All of these.
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The relevant factor(s) in computing
A. Cost.
B. Residual value.
C. Useful life.
D. Depreciation method.
E. All of these.
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- Depreciation Concepts Listed below are concepts and terminology related to depreciation. Required: Match each concept with the related terminology.Which of the following concepts is not related to depreciation? Select one: a. Historical cost concept b. Accrual concept c. Going concern concept d. Matching conceptThe cost of an asset that is subject to depreciation is called a.depreciable cost. b.trade-in value. c.salvage value. d.revenue.
- Residual value is: A. Also called residual value.B. Also called scrap value.C. An estimate of the asset's value at the end of its benefit period.D. A factor relevant to determining depreciation.E. All of these.Depreciation expense under the invenroty system is a. Based on cost minus residual value b. Basically a FIFO approach to depreciable asset accounting c. The result of applying a depreciation rate to the original cost d. A measure of the change in the value of the depreciable assetThe factors used to compute depreciation expense are an asset's: O Cost, residual value, and service life. O Cost, residual value, and physical life. O Cost, replacement value, and service life. O Fair value, residual value, and economic life.
- When a number of low-cost depreciable assets with similar characteristics, service lives, and residual values is required, which depreciation method should be used? a. Compsite depreciation b. Replacement depreciation c. Group depreciation d. Retirement depreciationWhat is depreciation? Define useful life, residual value, and depreciable cost.Depreciation is a process of: a. Asset devaluation b. Cost accumulation c. Cost allocation d. Asset valuation
- The difference between cost of the asset and residual value is known as a . Depletion b . Salvage value c . Total cost of the asset . d . Depreciable costRecording depreciation each period is necessary in accordance with the Select one: a. going concern principle. b. expense recognition principle. c. historical cost principle. d. asset valuation principle.What is depreciation? What are the different methods, and when would each be appropiate?
