Factors to consider in the depreciation process do NOT include
A) the asset's depreciable amount.
B) the period over which to depreciate the asset.
C) the asset's fair market value.
D) which asset components should be depreciated separately.

Question

Quizplus · Accepted Answer

While the fair market value of the asset may impact its initial cost, it is not a factor in the depreciation process. Factors that are considered include the depreciable amount, period of depreciation, and components of the asset to be depreciated separately.

Factors to Consider in the Depreciation Process Do NOT Include