Land - Php10,000,  Salvage Value - 1,000, Useful Life 9 years. How much is the Depreciable Amount?

Question

Land - Php10,000,  Salvage Value - 1,000, Useful Life 9 years. How much is the Depreciable Amount?
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value. It is the amount of the asset that is subject to depreciation.

Here's how to calculate it:

Step 1: Determine the cost of the asset. In this case, the cost of the land is Php10, Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

This problem has been solved

Similar Questions

Land - Php10,000,  Salvage Value - 1,000, Useful Life 9 years. How much is the Depreciable Amount?

Land - Php10,000,  Salvage Value - 1,000, Useful Life 9 years. How much is the Annual Depreciation Expense?

Joey Espinoza has $1,000 in cash, he deposits the total amount in LegionBanc. How much can LegionBanc lend from the money deposited?

Depreciation expense is calculated using its cost, estimates of an asset's salvage value, and an estimated useful lifeGroup of answer choicesTrueFalse

How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity if the interest rate is 12%?

1/3