4
QuizMultiple Choice

Study Guide and Quiz

Question 4 • HS BCS CTAE GA-Introduction to Business and Technology 25-26

Your company buys a car, and its value goes down over time. What is that process called?

Answer
A
Leasing
B
Depreciation
C
A unit of sale
D
Interest

Explanation

When a company-owned car loses value as it gets older or is used, that decrease in value is called depreciation. Leasing means paying to use a vehicle, while interest is the cost of borrowing money. Therefore, the correct choice is Depreciation.

AI-written and checked against the verified answer.

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