Depreciation can be thought of as ______.
A)the cost of wear and tear on physical assets
B)a discount placed on certain aspects of your business
C)the result of business losses
D)the value of used goods

Question

Quizplus · Accepted Answer

Depreciation is the method of spreading the cost of a tangible asset over its useful life. It reflects the decrease in value of the asset as it is used and wears out, thus A is the correct answer.

Depreciation Can Be Thought of as ______