Depreciation expense-office

A) Prime costs
B) Conversion costs
C) Both prime and conversion costs
D) Neither prime nor conversion costs

Depreciation Expense

Spreading out the price of a tangible asset across its period of utility.

Prime Costs

The combined costs of direct materials and direct labor, which are directly attributable to the production of goods.

Conversion Costs

Expenses incurred when converting raw materials into finished products, typically including labor and overhead costs.