Asked by Hannah Charlton on Jul 11, 2024
Verified
Depreciable cost is the
A) book value of an asset less its salvage value.
B) cost of an asset less its salvage value.
C) cost of an asset less accumulated depreciation.
D) book value of an asset.
Depreciable Cost
The total amount that an asset’s value can be depreciated over its useful life, excluding salvage value.
Salvage Value
The conjectured remain value of an asset at the end of its productive life.
- Gain insight into the practices of amortization, depreciation, and depletion relevant to intangible assets and tangible long-lived assets.
Verified Answer
CG
Carina GarciaJul 16, 2024
Final Answer :
B
Explanation :
Depreciable cost is the cost of an asset less its salvage value, which represents the portion of the cost that can be depreciated over the useful life of the asset.
Learning Objectives
- Gain insight into the practices of amortization, depreciation, and depletion relevant to intangible assets and tangible long-lived assets.
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