Identify the amounts required to calculate the depreciation of an asset. (Check all that apply.)

1. acquisition cost

2. amortized value

3. blue book value at the end of each accounting period

4. estimated useful life to the company estimated residual value at the end of the asset's useful life

1. acquisition cost

4. estimated useful life to the company estimated residual value at the end of the asset's useful life

Explanation:

To compute the depreciation of an asset, the cost of the asset minus the residual value at the end of the useful life gives the depreciation base. This base is divided by the useful life of the asset to get the amount to be posted yearly as depreciation charge.

As such, the cost of the asset, the estimated useful life and the residual or salvage value at the end of the estimated useful life are required to determine the depreciation charge.

The right options are;

1. acquisition cost

4. estimated useful life to the company estimated residual value at the end of the asset's useful life