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Author Question: When calculating depletion, what is the proper treatment of residual value? (Read 69 times)

RRMR

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on: Feb 18, 2020
When calculating depletion, what is the proper treatment of residual value?
◦ Residual value is ignored until the end of the asset's life at which time it is used to limit the final year's expense amount.
◦ There is no residual value in the calculation of depletion expense.
◦ The residual value is subtracted from cost to determine the depletable base.
◦ The residual value is added to cost to determine the depletable base.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by RRMR on Feb 18, 2020

janieazgirl

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it

juliaf

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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