How is depreciation on the manufacturing building and equipment classified in financial reporting?
A) As an irrelevant cost because it has already been incurred
B) As a current expense
C) As part of the cost of the products produced
D) As a period cost

Question

Quizplus · Accepted Answer

Depreciation on manufacturing assets is recorded as a product cost as part of manufacturing overhead.

How Is Depreciation on the Manufacturing Building and Equipment Classified