Multiple Choice
Which of the following is the depreciation formula for the revision of an estimate?
A) (Book value - New residual value) x (1 ÷ Remaining life)
B) (Cost-residual value) x (1 ÷ Life)
C) (Book value - new residual value) x (1 ÷ Life)
D) (Cost - residual value) x (1 ÷ Remaining life)
Correct Answer:
Verified
Correct Answer:
Verified
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