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

Question

Quizplus · Accepted Answer

The depreciable cost of an asset is calculated as the original cost of the asset minus its residual value. This is the amount that will be allocated over the asset's useful life as depreciation expense.

The Depreciable Cost of an Asset Is Defined as the