In 2017, Wagner Industries purchased a piece of equipment with an estimated useful life of 10 years. Each year, Wagner expenses 1/10 of the equipment's cost. This is an example of A : depreciation. B : goodwill. C : unethical accounting practices. D : an operating cycle

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Business

Jayleen

4 November, 12:39

In 2017, Wagner Industries purchased a piece of equipment with an estimated useful life of 10 years. Each year, Wagner expenses 1/10 of the equipment's cost. This is an example of A : depreciation. B : goodwill. C : unethical accounting practices. D : an operating cycle

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Answers (1)

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Kody · Answer 1

This is an example of A : depreciation

Explanation:

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value.