The amortizable cost of an asset is defined as the:
A)original cost less residual value.
B)original cost less amortization.
C)original cost less accumulated amortization.
D)original cost.

Question

Quizplus · Accepted Answer

The amortizable cost of an asset is calculated as the original cost of the asset minus its residual value. This represents the total amount that will be amortized over the asset's useful life.

The Amortizable Cost of an Asset Is Defined as The