Depreciation expense for a period is computed by taking the
A) original cost of an asset - accumulated depreciation.
B) depreciable cost ÷ depreciation rate.
C) cost of the asset ÷ useful life.
D) market value of the asset ÷ useful life.

Question

Quizplus · Accepted Answer

Depreciation expense is typically calculated by dividing the cost of the asset by its useful life, which is option C. This method is known as the straight-line method of depreciation.

Depreciation Expense for a Period Is Computed by Taking the