The Depreciation Expense of an Asset Can Change for All

question 21

Multiple Choice

The depreciation expense of an asset can change for all of the following reasons EXCEPT

• A) change in the estimated useful life.
• B) change in the asset's expected residual value.
• C) increases due to additions to the asset for major repairs and improvements.
• D) increase in the asset due to regular repairs and maintenance.

---

Definitions:

Price Increases

Price increases refer to the action of raising the cost at which goods or services are sold, often in response to factors like inflation, increased production costs, or higher demand.

Price Decreases

A reduction in the cost at which goods or services are sold to consumers or businesses.

Consumers

Individuals or organizations that purchase or use goods and services for personal use or consumption.

Pricing Decisions

The process of setting the price for a product or service, influenced by costs, competition, market demand, and perceived value.