Depreciation Formula (ACCA FA)

Exercise and reference answers

Missing parts

1. Answer

   residual value

   Choices

   1. residual value
   2. carrying amount
   3. market value

2. Answer

   useful life

   Choices

   1. useful life
   2. current year
   3. tax rate

Complete the statement

Annual charge = (Cost - {0}) / {1}.

Instructions

Complete the straight-line depreciation formula.