Accounting for IGCSE & O level - Accounting Procedures (Section 25 - No. 49)
Which of the following is NOT a factor used to calculate depreciation expense?
The original cost of the asset.
The estimated useful life of the asset.
The asset's current market value.
The asset's salvage value.
Explanation
Current market value is not considered when calculating depreciation expense. Depreciation is based on historical cost and estimates.
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