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Depreciable cost is computed as: a
Depreciable cost is computed as:
a. market value less residual value
b. cost less accumulated depreciation
c. book value less residual value
d. cost less residual value
Expert Solution
Depreciable Cost is computed as follows:
Depreciable Cost = Cost-Residual Value
For example as asset cost $750,000 and has a salvage value of $50,000. The useful life of asset is 7 years. So, Depreciable cost is computed as follows:
Depreciable Cost = Cost - Residual Value
= $750,000-$50,000
Depreciable Cost = $700,000
The correct option is D "cost less residual value".
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