In Computing Depreciation Salvage Value Is

question 94

Multiple Choice

In computing depreciation salvage 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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Definitions:

Undated

Not having a specified date, which can pertain to documents, events, or items that lack a temporal reference.

Nonnegotiable

Referring to an instrument, term, or condition that cannot be transferred or altered by agreement between the parties involved.

Maker

The party in a financial instrument, like a check or promissory note, who is responsible for the payment of the amount specified.

Negotiable Instrument

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, and to a specific person or bearer.