Accounting for IGCSE & O level - Accounting Procedures (Section 26 - No. 20)
What is meant by the term "depreciable base"?
The original cost of the asset
The estimated useful life of the asset.
The cost of the asset less its salvage value.
The current market value of the asset.
Explanation
The depreciable base is the portion of the asset's cost that is subject to depreciation and is calculated as the cost less its salvage value.
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