Depreciation expense for a period is the
A) original cost of an asset - accumulated depreciation.
B) book value of the asset ÷ useful life.
C) portion of an asset's cost that expired during the period.
D) market value of the asset ÷ useful life.

Question

Quizplus · Accepted Answer

Depreciation expense represents the portion of an asset's cost that is considered to have been used up or expired during a specific period, reflecting the asset's consumption or loss of value over time.

Depreciation Expense for a Period Is the