The depreciation expense of an asset can change for all of the following reasons except
A)change in the estimated useful life.
B)change in the asset's expected residual value.
C)increases due to additions to the asset for major repairs and improvements.
D)increase in the asset due to regular repairs and maintenance.

Question

Quizplus · Accepted Answer

The depreciation expense of an asset does not change due to regular repairs and maintenance. Depreciation only accounts for the loss in value of the asset over time, not for the costs of maintenance to keep it in good working condition. The other options, A, B, and C, can all impact the depreciation expense of an asset.

The Depreciation Expense of an Asset Can Change for All