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Graciesett4072
09.12.2019 •
Business
Which of the following estimates are required when calculating depreciation expense? 1. depreciation rate 2. useful life 3. expected maintenance costs 4. salvage value
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Ответ:
These are required to calculate a depreciation expense on an asset:
1. Depreciation rate - the speed at which an asset becomes obsolete. Some assets depreciate faster than others, for example cars lose value more rapidly than houses.
2. Useful life - is the amount of time that the asset is expected to provide economic benefits for the firm. In the case of a computer, for example, average useful life is around 3 to 5 years depending on the company.
4. Salvage value - this is the residual value that the asset will have once its useful life has run out. A company needs this value to calculate the depreciable amount (which equals initial value - salvage value).
Ответ:
See the attached table for answer.
Explanation: