Which of the following is not an amount that is needed to calculate straight-line depreciation?
A) The cost of the asset.
B) An estimate of the asset's useful economic life to the company.
C) The estimated amount that the company will get when it disposes of the asset.
D) The cost the company will be required to incur to replace the asset.

Question

Quizplus · Accepted Answer

The cost to replace the asset is not needed for calculating straight-line depreciation. Straight-line depreciation requires the initial cost, useful life, and salvage value.

Which of the Following Is Not an Amount That Is