Depreciable cost is computed as:
A) cost less accumulated depreciation.
B) book value less residual value.
C) cost less residual value.
D) market value less residual value.

Question

Quizplus · Accepted Answer

Depreciable cost is the cost of an asset minus its estimated residual value, which is the amount the asset is expected to be worth at the end of its useful life. Therefore, the correct answer is C, which is cost less residual value.

Depreciable Cost Is Computed As