To measure depreciation,all of the following must be known EXCEPT
A)market value.
B)residual value.
C)historical cost.
D)estimated life.

Name: To measure depreciation,all of the following must be known EXCEPT A)market value. B)residual value. C)historical cost. D)estimated life.
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Question

Quizplus · Accepted Answer

Market value is not necessary to calculate depreciation as it is based on the historical cost, estimated life, and residual value of the asset.

To Measure Depreciation,all of the Following Must Be Known EXCEPT