All of the following are needed for the calculation of straight-line depreciation except
A) cost
B) residual value
C) estimated life
D) units produced

Name: All of the following are needed for the calculation of straight-line depreciation except A) cost B) residual value C) estimated life D) units produced
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Question

Quizplus · Accepted Answer

Straight-line depreciation is calculated based on the cost of the asset, its estimated life, and its residual value. The number of units produced is not a factor in straight-line depreciation.

All of the Following Are Needed for the Calculation of Straight-Line