27) 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.
27) 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.
27) 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.
Transcribed Image Text:27)
Depreciation expense for a period is the
а.
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.
Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video
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