In Computing Depreciation, Residual Value Is

question 259

Multiple Choice

In computing depreciation, residual value is

• A) the fair value of a plant asset on the date of acquisition.
• B) subtracted from accumulated depreciation to determine the plant asset's depreciable cost.
• C) an estimate of a plant asset's value at the end of its useful life.
• D) ignored in all the depreciation methods.

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