Depreciation Expense for a period can be calculated by taking the
A) original cost of a long-lived asset - accumulated depreciation.
B) original cost of a long-lived asset ÷ depreciation rate.
C) original cost of a long-lived asset ÷ useful life.
D) fair value of a long-lived asset ÷ useful life.

Question

Quizplus · Accepted Answer

Depreciation Expense for a period is typically calculated by dividing the original cost of a long-lived asset by its useful life. This method is known as the straight-line method of depreciation.

Depreciation Expense for a Period Can Be Calculated by Taking