Which Piece of Information Is NOT Necessary in Order to Compute

question 44

Multiple Choice

Which piece of information is NOT necessary in order to compute straight-line depreciation?

• A) Estimated useful life
• B) Current market value
• C) Estimated salvage value
• D) Cost of the asset

---

Definitions:

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and make uniform the regulations across the states.

Inventory Purchasing

The process of acquiring goods and materials that a company intends to sell in its normal business operations.

Sporting Goods Store

A retail business specializing in the sale of sports equipment and related items for various physical activities and sports.

Lump-sum

A one-time payment executed at a specific moment, rather than several payments spread out over a period.