Homework Answers
Answers :
1) D) Depreciable Cost
2) B) Plant Assets
Depreciable cost is the cost of the assets which is reduced during the Life the Asset. Cost Less Salvage Value is the Depreciables Value od the Assets.
Tangible Assets have Physical Substance. Plant Assets are the Tangible assets used in the organization.
ANSWERS :
1. Depreciable cost.
If plant assts has a salvage value, then the cost that is to be depreciated over the period of use is equal to cost of plant assets minus salvage value.
2. Lease
Assets taken on lease have physical existence and can not be sold to customers.
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