The inverse of a diagonal matrix is formed by calculating the reciprocal of each diagonal element. Given
\[ A = \begin{bmatrix} 2 & 0 & 0 \\ 0 & 3 & 0 \\ 0 & 0 & 5 \end{bmatrix}, \]the diagonal elements are 2, 3, and 5. Therefore, the inverse is:
\[ A^{-1} = \begin{bmatrix} \frac{1}{2} & 0 & 0 \\ 0 & \frac{1}{3} & 0 \\ 0 & 0 & \frac{1}{5} \end{bmatrix}. \]This corresponds to option (A).
Final Answer: \( \boxed{(A)} \)