Depreciation expense for a period is the

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Quizplus · Accepted Answer

Depreciation expense for a period is the portion of an asset's cost that expired during the period. This means it is the amount of the asset's value that was used up or consumed during the period. This is typically calculated using a straight-line or accelerated method and is recorded as an operating expense on the income statement. Option A is incorrect because it is the formula for calculating an asset's book value. Option B is incorrect because it is the formula for calculating depreciation rate. Option D is incorrect because it is a formula for calculating an asset's annual depreciation.

Depreciation Expense for a Period Is the