Examlex
Which of the following accounts is an owner's equity account?
Salvage Value
The estimated resale value of an asset at the end of its useful life, often used in depreciation calculations.
Scrap Value
The anticipated value of an asset when it reaches the end of its functional lifespan, commonly utilized in figuring out depreciation.
Units-Of-Activity Method
A method of depreciation that provides for depreciation expense based on each unit of activity of a fixed asset.
Depreciable Cost
The total cost of a tangible asset minus its estimated salvage value, representing the amount subject to depreciation over the asset's useful life.
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