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

Question

Quizplus · Accepted Answer

Straight-line depreciation is calculated using the cost of the asset, the estimated life of the asset, and the residual value at the end of its useful life. The number of units produced is not relevant to straight-line depreciation, as it is based on the amount of time the asset is expected to be useful, rather than the amount of output it generates.

All of the Following Below Are Needed for the Calculation