Discussion
The depreciable base of an asset is its first cost less its
Answer: C
Correct answer: estimated salvage value
The depreciable base is what will actually be consumed over the life, so the amount expected to be recovered at the end is deducted from the first cost. Only that difference is written off in total, whatever method is used to spread it - with the exception of declining balance, which ignores salvage in its annual calculation.
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