To calculate the depreciation of an asset,you need to know all of the following EXCEPT the ____.
A) asset's original cost
B) asset's useful life
C) asset's type
D) rate of depreciation

Question

Quizplus · Accepted Answer

While the type of asset can affect its useful life and rate of depreciation, it is not necessary to know the specific type of asset to calculate its depreciation. The original cost, useful life, and rate of depreciation are all essential factors in determining depreciation.

To Calculate the Depreciation of an Asset,you Need to Know