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Match each depreciation term

Exercise and reference answers

Matching pairs
  1. Left
    Depreciation
    Right
    Spreading an asset's cost over its life
  2. Left
    Useful life
    Right
    How long the asset is expected to serve
  3. Left
    Residual value
    Right
    What the asset is worth at the very end
Instructions
Tap a term on the left, then tap what it means.

Explanation

_Source: ICAI CA Foundation Accounting Ch5 Depreciation, CHAPTER 5 DEPRECIATION AND AMORTISATION_
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