Q178
Depreciable amount + Residual value of a fixed asset = ?
A.
Depreciation expenses
B.
Accumulated depreciation
C.
Cost of the fixed asset
AnswerD.
Future economic benefits of a fixed asset
Answer: Option C
Solution
Answer: Option C
Solution:
Depreciable amount + Residual value of a fixed asset = Cost of the fixed asset. Fixed assets are depreciated only to the extent of their depreciable amount, which equals cost minus the salvage value.