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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 :
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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

User Huy Chau
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Answer:

This is an example of A : depreciation

Step-by-step 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.

User Babanin
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