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Depreciable amount + Residual value of a fixed asset =

This question belongs to Commerce Accounting
Accounting
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Depreciable amount + Residual value of a fixed asset = ?

Answer & Solution
Correct Answer: Option C
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.
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