Question
The formula used to calculate the depreciation in dollar terms is: Gross Capitalized Cost minus Residual Value equal Depreciation Gross Capitalized Cost plus Residual Value equa Depreciation Gross Capitalized Cost divide by Residual Value equal Depreciation Gross Capitalized Cost multiply by 100 equal Depreciation
Solution
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Keegan
Master ยท Tutor for 5 years
Answer
The correct formula to calculate depreciation in dollar terms is:Gross Capitalized Cost minus Residual Value equals DepreciationSo, the correct answer is:Gross Capitalized Cost minus Residual Value equal Depreciation