The difference between the cost of a plant asset and its residual value is called the depreciable

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The difference between the cost of a plant asset and its residual value is called the depreciable cost . Thus, if an automobile purchased for

$30,000 is expected to have a 5-year life and to have a residual value of

$5,000 at the end of that life, $30,000 is the original and

$25,000 is the .

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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