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In calculating depreciation, residual value is a the fair value of a long-lived asset on the date of acquisition. b subtracted from accumulated depreciation to
In calculating depreciation, residual value is a the fair value of a long-lived asset on the date of acquisition. b subtracted from accumulated depreciation to determine the long-lived asset's depreciable cost. c an estimate of what a long-lived asset could be sold for at the end of its useful life. d the amount that a similar replacement asset is expected to cost at the end of the old asset's useful life.
In calculating depreciation, residual value is
a | the fair value of a long-lived asset on the date of acquisition. |
b | subtracted from accumulated depreciation to determine the long-lived asset's depreciable cost. |
c | an estimate of what a long-lived asset could be sold for at the end of its useful life. |
d | the amount that a similar replacement asset is expected to cost at the end of the old asset's useful life. |
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