What is a depreciating asset? a. an asset that increases in value over time. b. an asset that gets damaged. c. an asset that decreases in value over time. d. an asset that doubles in value every six months.

Short C
D is too restrictive

A and C are opposites so one of them is right and the other isn't. Sometimes you get luck with Multiple Choice. If you have to guess, this one is the kind of question you want to guess on.  A is the opposite to what is true. The answer is C.

B Any asset can be something that can be a depreciating asset. A good example is a car or truck. Depreciating assets and not damaged assets.