Depreciation is _____.
A)the periodic cost of equipment spread over the future periods in which the equipment is expected to be used
B)the decline in equipment value due to obsolescence
C)the difference between the original cost and current market value
D)All of these answers are correct

Question

Quizplus · Accepted Answer

Depreciation is the periodic cost of equipment spread over the future periods in which the equipment is expected to be used. Option B only covers the decline in equipment value due to obsolescence, while option C only covers the difference between the original cost and current market value. Option D includes all correct statements but does not provide the best choice.

Depreciation Is _____