Which of the following accounts would most likely be depreciated?
A) Equipment
B) Office Supplies
C) Cash
D) Accounts Payable

Question

Quizplus · Accepted Answer

Equipment is a long-term asset that is expected to lose value over time, so it is usually depreciated. Office supplies are considered short-term assets and are not depreciated. Cash and accounts payable are not assets at all and therefore cannot be depreciated.

Which of the Following Accounts Would Most Likely Be Depreciated