Examlex
Which of the following data is NOT typically found in a quotation?
Depreciable Cost
The total cost of a tangible asset minus its estimated salvage value, representing the amount that can be depreciated over the life of the asset.
Initial Cost
The original expense incurred to acquire an asset or start a project, including purchase price and any other initial expenses.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded for an asset since it was acquired, representing the loss of value over time.
Residual Value
The estimated amount that an asset will realize upon its sale at the end of its useful life.
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