To calculate depreciation expense we do not use the estimated useful life of the asset. True False
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Solution 1
False. To calculate depreciation expense, we do use the estimated useful life of the asset. The depreciation expense is calculated by dividing the cost of the asset (minus its salvage value) by its estimated useful life. This gives the amount of value the asset loses each year, which is the deprecia Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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