Which piece of information is NOT necessary in order to compute straight-line depreciation?
A) Estimated useful life
B) Current market value
C) Estimated salvage value
D) Cost of the asset

Question

Quizplus · Accepted Answer

Current market value is not necessary for computing straight-line depreciation. The necessary information includes the estimated useful life, estimated salvage value, and cost of the asset.

Which Piece of Information Is NOT Necessary in Order to Compute