Depreciation is
A) the decrease in the overall price level.
B) the additional capital stock in a year.
C) the amount of used up machinery in a year.
D) the amount of decline in business inventories.

Question

Quizplus · Accepted Answer

Depreciation refers to the reduction in the value of fixed assets, such as machinery or buildings, due to wear and tear or obsolescence. It is the amount of used up machinery in a year, option C.

Depreciation Is