Depreciation is normally computed on the basis of the nearest
A) full month and to the nearest cent.
B) full month and to the nearest dollar.
C) day and to the nearest cent.
D) day and to the nearest dollar.

Question

Quizplus · Accepted Answer

Depreciation is normally computed on the basis of the nearest full month and to the nearest dollar. This is the most common method of calculating depreciation for accounting purposes.

Depreciation Is Normally Computed on the Basis of the Nearest