In calculating amortization, residual value is :
a.the fair market value of a capital asset on the date of acquisition.
b.subtracted from accumulated amortization to determine the capital asset's amortizable cost.
c.an estimate of a capital asset's value at the end of its useful life.
d. ignored in all the amortization methods

Question

10-07-2024
Business

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In calculating amortization, residual value is :
a.the fair market value of a capital asset on the date of acquisition.
b.subtracted from accumulated amortization to determine the capital asset's amortizable cost.
c.an estimate of a capital asset's value at the end of its useful life.
d. ignored in all the amortization methods

Sagot :

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