CAF-1 · Chapter 3 · Question 14 of 15
Which of the following best describes the 'depreciable amount' of an asset?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The original cost of the asset minus its residual value.
Explanation
The depreciable amount is the cost of an asset, or other amount substituted for cost, less its residual value.
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