Question

what is the formula of cost of the asset​

Answer 1

Answer:

The adjusted cost is calculated as the original cost, plus or minus the sum of values in the Amount column of the Asset Valuation subview. The calculation also includes a factor for the asset's condition.

Answer 2

Answer:

Cost of the asset: $100,000. Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost. Useful life of the asset: 5 years. Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount