Which piece of information is NOT necessary in order to compute straight-line depreciation?
A) estimated useful life
B) current market value
C) estimated salvage value
D) cost of the asset.

Question

Quizplus · Accepted Answer

Straight-line depreciation is based on the cost of the asset, its estimated useful life, and its estimated salvage value. The current market value of the asset is not necessary to determine straight-line depreciation.

Which Piece of Information Is NOT Necessary in Order to Compute