A common method for calculating depreciation expense is to divide the asset's cost by
A)its fair value at date of purchase.
B)its useful life.
C)the accumulated depreciation recorded to date.
D)the actual amount paid for the asset.

Question

Quizplus · Accepted Answer

Depreciation expense is typically calculated by dividing the asset's cost by its estimated useful life. This method spreads the cost of the asset evenly over its expected useful period.

A Common Method for Calculating Depreciation Expense Is to Divide