The allocation base of an asset refers to which of the following? Multiple Choice The asset’s...
The allocation base of an asset refers to which of the following?
Multiple Choice
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The asset’s initial capitalized cost.
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The number of years over which the asset’s cost will be allocated.
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The asset’s initial capitalized cost minus residual value.
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The method used to allocate the asset’s cost across years.
Homework Answers
| Option C is the answer | |
|
Allocation base of an asset = Initialized capital cost - Residual value. Comment if you face any issues. Thank you |
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