Multiple Choice
When straight-line depreciation is in use,the depreciation rate of an asset is equal to:
A) 1 divided by the life of the asset.
B) 1 divided by the cost of the asset.
C) The cost of the asset divided by the life of the asset.
D) The cost of the asset less its salvage value divided by the life of the asset.
Correct Answer:
Verified
Correct Answer:
Verified
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