How Is Depreciation Recorded According to GAAP Business

Multiple Choice

How is depreciation recorded according to GAAP business?

A) As a "fair" presentation of results for the period.
B) As a capitalized as asset on balance sheet,not as an expense on income statement.
C) As an expense on income statement based on original cost,and deducted from asset on balance sheet.
D) All of the above.
E) None of the above.