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Moving to another question will save this response. Question 1 All of the following factors in computing depreciation are estimates except residual value. salvage value. useful life of the asset. cost of the asset Moving to another question will save this response. MacBook Pro A Moving to another question will save this response. Question 2 In computing depreciation, salvage value is the fair value of a plant asset on the date of acquisition. an estimate of a plant asset's value at the end of its useful life. Ignored in all the depreciation methods. subtracted from accumulated depreciation to determine the plant asset's depreciable cost. Moving to another question will save this response. MacBook Pro Question Completion Status: A Moving to another question will save this response. Question 3 When estimating the useful life of an asset, accountants must consider size of the asset. market economic conditions. how quickly asset will depreciate. how beautiful asset looks Moving to another question will save this response. MacBook Pro $ % Ramaining Time: 19 minutes, 19 seconds Question Completion Status Moving to another bustion will this Question 4 of 10 0.5 points Question 4 In which depreciation method, the amount of deprecation calculated decreases for each period gradually Units-of-activity Double declining balance all of the above Straight-line Question th Movington will save this response MacBook Pro * * & 2 3 3 4 5 0 6 1 7 V 8 A 9 a 3 D Ol E W. T R Y Cou E A 4. Mown to another inuestion will save this response Question of 10 Questions 0.5 points A machine is acquired on 1st January 2014 with the cost of AED54,000 with the esimated salvage value (residual value) amounting AED3,000. Life of the asset is expected to be 5 years. The machine is required to produce total 20,000 units during its life time. During the year 2014, only 2,500 units were produced What will be the amount of depreciation for the year 2014 using straight-line method? AED 10,000 AED10,500 AED 10.200 AED 10,000 Question of 10 Moving to another question will save this response MacBook Pro & * 2 3 4 E 5 0 6 7 7 V 8 A 9 a O WE E R Y 6.16 Co

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