If the Depreciation Method Is Known, Which of the Following

question 69

Multiple Choice

If the depreciation method is known, which of the following sets of factors is needed to calculate depreciation on plant and equipment?

• A) The asset's historical cost, replacement cost, and its estimated salvage value
• B) The estimated salvage value of the asset, its replacement cost, and its market value
• C) The asset's replacement cost, its estimated life, and its estimated salvage value
• D) The useful life of the asset, its historical cost, and its estimated salvage value