The depreciable amount 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 amount of an asset is defined as the original cost less residual value. This is the total amount that will be depreciated over the asset's useful life.

The Depreciable Amount of an Asset Is Defined as the