📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    The ratio of a firm’s property, plant, and equipment,

    net of accumulated depreciation, to its annual depreciation expense is an estimate of:
    A Average age of firm’s assets Correct Answer Incorrect Answer
    B Remaining useful life of firm’s assets Correct Answer Incorrect Answer
    C Net depreciation Correct Answer Incorrect Answer
    D None of the above Correct Answer Incorrect Answer
    E Total depreciation Correct Answer Incorrect Answer

    Solution

    Remaining useful life of firm’s assets =   Net Property Plant and Equipment/depreciation expenses

    Practice Next
    More Alternate Sources of Finance Questions
    ask-question