In Calculating Depreciation, Residual Value Is

question 11

Multiple Choice

In calculating depreciation, residual value is

• A) the fair value of a long-lived asset on the date of acquisition.
• B) subtracted from accumulated depreciation to determine the long-lived asset's depreciable cost.
• C) an estimate of what a long-lived asset could be sold for at the end of its useful life.
• D) the amount that a similar replacement asset is expected to cost at the end of the old asset's useful life.

---

Definitions:

Nuclear Energy

Energy released during nuclear fission or fusion, especially when used to generate electricity.

Renewable Energy Resources

Natural sources of energy that can be replenished, including solar, wind, hydroelectric, biomass, and geothermal energy.

Oil Imports

The purchase of petroleum products or crude oil from foreign countries to meet a nation's energy needs and fuel its economy.

Pollution

The introduction of contaminants into the natural environment that cause adverse change, potentially harming human health and the ecosystem.