Depreciation is based on the asset cost plus all of the following EXCEPT ____.
A) shipping costs
B) increase in inventory
C) installation
D) cost of attached equipment acquired at the same time

Question

Quizplus · Accepted Answer

Depreciation is based on the asset cost plus installation, shipping costs, and the cost of attached equipment acquired at the same time. It does not include an increase in inventory, which is a separate accounting transaction.

Depreciation Is Based on the Asset Cost Plus All of the Following