Which of the Following Is Not an Amount That Is

question 147

Multiple Choice

Which of the following is not an amount that is needed to calculate straight-line depreciation?

• A)The cost of the asset.
• B)An estimate of the asset's useful economic life to the company.
• C)The estimated amount that the company will receive when it disposes of the asset.
• D)The cost the company will be required to incur to replace the asset.

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Definitions:

Incorporators

Individuals or entities involved in the legal process of forming a corporation, responsible for its initial setup and registration.

Alien Corporation

A business that is incorporated in a foreign country.

Federal Law

Legislation enacted by the national government or Congress of a country.

State Law

Refers to laws that are enacted and enforced by individual U.S. states, governing within their own territory.