In the calculation of depreciation, all of the following items are actually estimates except:
A. Useful life
B. Residual value
C. Historical cost
D. Salvage value
Answer: Option C
Solution(By Examveda Team)
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.This Question Belongs to Commerce >> Accounting
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