Accountants calculate
A) economic depreciation as part of the firm's cost.
B) depreciation using Internal Revenue Service rules.
C) the opportunity cost of all the resources the firm uses.
D) all the firm's implicit costs but only a few of its explicit costs.
E) All of the above answers are correct.

Question

Quizplus · Accepted Answer

Accountants calculate depreciation using IRS rules for tax purposes, not economic depreciation or opportunity costs.

Accountants Calculate