Ask Question
14 March, 00:11

A depreciable asset has an estimated 15 percent salvage value. At the end of its estimated useful life, the accumulated depreciation would equal the original cost of the asset under which of the following depreciation methods? Productive - Sum-of-the - Double - Output Years'-Digits Declining-Balance Select one:

a. Yes No No

b. No No No

c. No Yes No

d. Yes Yes Yes

+1
Answers (1)
  1. 14 March, 00:34
    0
    B

    Explanation:

    Depreciation is the uniform decrease in the value of an asset over a period until the salvage value is reached.

    It is given by:

    Annual depreciation expense = (cost of asset - salvage) : useful life of the asset

    Therefore the accumulated depreciation would not equal the original cost of the asset at the end of its estimated useful life because the salvage value will be deducted from cost of asset under declining-Balance.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A depreciable asset has an estimated 15 percent salvage value. At the end of its estimated useful life, the accumulated depreciation would ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers