The difference between a depreciable asset's cost and its residual value is called
A) the annual depreciation.
B) accumulated depreciation.
C) the depreciable amount.
D) the revaluation amount.

Question

Quizplus · Accepted Answer

The depreciable amount is the cost of an asset minus its residual value, which is the amount that can be depreciated over the asset's useful life.

The Difference Between a Depreciable Asset's Cost and Its Residual