Which of the following must be considered in estimating depreciation on an asset for an accounting...
Which of the following must be considered in estimating
depreciation on an asset for an accounting period?
|
a. |
The original cost of the asset |
|
b. |
Its useful life |
|
c. |
The decline of its fair value |
|
d. |
Both the original cost of the asset and its useful life |
Homework Answers
Answer is D. Both the original cost of the asset and its useful life.
when we are calculating depreciation, we have to consider life of assets and cost.
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