Which of the following is not a factor affecting the calculation of straight-line depreciation?
A) Carrying amount.
B) Cost.
C) Useful life.
D) Residual value.

Question

Quizplus · Accepted Answer

Carrying amount is simply the value of the asset on the financial statements and does not affect the calculation of depreciation. Cost, useful life, and residual value are all factors that do affect straight-line depreciation.

Which of the Following Is Not a Factor Affecting the Calculation