Depreciation expense is Select one O a only an estimate O b

Depreciation expense is: Select one: O a. only an estimate. O b. An exact calculation prepared by an appraiser. c. Not to be calculated unless the exact life of an asset can be determined O d. To be determined for all assets owned by a company.

Solution

Depreciation expense is to be determied for all assets owned by company i.e. D

As all other three options doesn\'t justify the meaning of depreciation.

As depreciation is neither an estimate nor an exact calculation, and it can also be calculated without exact life of an asset.

It must be on each assset of the company.