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In the calculation of depreciation all of the following items are...

This question belongs to Commerce Accounting
Accounting
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In the calculation of depreciation, all of the following items are actually estimates except:

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Correct Answer: Option C
In the calculation of depreciation, all of the following items are actually estimates except Historical cost. A historical cost is a measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when acquired by the company.
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Sourav Singla
Sourav Singla 4 years ago
We also required historical cost while calculating depreciation
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