Depreciation records include all of the following information about fixed assets except
A)the economic benefit of purchasing the asset
B)the cost of the asset
C)the depreciation method being used
D)the location of the asset

Question

Quizplus · Accepted Answer

Depreciation records typically include the cost of the asset, the depreciation method being used, and sometimes the location of the asset for tracking purposes. However, they do not include the economic benefit of purchasing the asset, as depreciation focuses on the allocation of the asset's cost over its useful life.

Depreciation Records Include All of the Following Information About Fixed