Assessment of depreciation and the amount to be charged in respect thereof in a accounting period are usually not base on ___________.

Market value of the asset

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Historical cost or other amount substituted for the historical cost of the depreciable asset when the asset had been revalued

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Expected useful life of the depreciable assets

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Estimated residual value of the depreciable asset

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Solution

The correct option is A Market value of the asset
Option A is the correct one.
Assessment of Depreciation we will consider the following components
1.Historical cost ( including installation expenses)
2.expected useful life
3. Residual value
Note: depreciation not charged on market value.

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Assessment of depreciation and the amount to be charged in respect thereof in a accounting period are usually not base on ___________.

The correct option is A Market value of the assetOption A is the correct one.Assessment of Depreciation we will consider the following components1.Historical cost ( including installation expenses)2.expected useful life 3. Residual valueNote: depreciation not charged on market value.

The correct option is A Market value of the asset
Option A is the correct one.
Assessment of Depreciation we will consider the following components
1.Historical cost ( including installation expenses)
2.expected useful life
3. Residual value
Note: depreciation not charged on market value.