When low-cost depreciable assets with similar characteristics, service lives, and residual values are acquired, which depreciation method should be used?

A) composite depreciation
B) impairment depreciation
C) group depreciation
D) such assets should not be depreciated

Composite Depreciation

A depreciation method that applies a single depreciation rate to a group of assets with different lives, treating them as a single asset.

Group Depreciation

A method of depreciation where a group of assets with similar life spans is depreciated as a single asset.

Depreciable Assets

Assets subject to wear and tear or obsolescence, which are systematically decreased in value over their useful life for accounting purposes.