Question

U NI 5:13 PM/R 51 min. VERSIONBACK NEXT Question 13 Bonita Industri useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset? es purchased a depreciable asset for $359500. The estimated salvage value is $34900, and the estimated O $324600 O $34900 O $35950 $359500 SAVE FOR LATER Question Attempts: 0 of 1 used All files s ailable at mable at lib sign up for PSU emergen

Answer 1

Depreciation base is the amount which is depreciated over the useful life of the asset to arrive at it's salvage value

= Purchase price - Salvage value

= $359,500 - $34,900

= $324,600

So, as per above calculations, option A is the correct option