All of the following factors in computing depreciation are estimates except

 All of the following factors in computing depreciation are estimates except

salvage value.
residual value.
useful life.
cost.

answer: Cost

cost of the Asset is the amount spend on the Assets at the time of Acquisition, we need not estimate the cost. From the above options, we need not estimate the cost amount.

option 1) Incorrect, We need to estimate the salvage value.

option 2) Incorrect, we need to estimate the residual value. This is the value of the assets at the closure of the life

option 3) Incorrect, Expected life must be estimated .

option 4) Correct

 

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