Question

Which of the following is not one of the factors used to determine depreciation expense?
a.The asset's initial cost
b.The asset's expected useful life
c.The asset's estimated residual value
d.All of these choices are correct.

Answer 1

Answer: Option D

           

Explanation: In simple words, depreciation refers to the reduction in value of an asset which occurs due to the normal wear and tear of that asset over a passage of time.

Depreciation is calculated by dividing the difference of initial value and estimated residual value with the expected useful life.

Hence, from the above we can conclude that the correct option is D .