34. Which of the following is not one of the basic questions that must be answered before the amount of depreciation charge can be computed?A) What method of cost apportionment is best for this asset? B) What product or service is the asset related to?C) What is the asset's useful life?D) What is the depreciation base to use for the asset?

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Asked Dec 9, 2019
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34. Which of the following is not one of the basic questions that must be answered before the amount of depreciation charge can be computed?

A) What method of cost apportionment is best for this asset

? B) What product or service is the asset related to?

C) What is the asset's useful life?

D) What is the depreciation base to use for the asset?

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Expert Answer

Step 1

The correct option is (B). The products or services being rendered by the asset has no relations with the calculation of amount of depreciation being charged ...

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