Which of the following is defined as the systematic allocation of the cost of an asset over more than one year?
A) Deferral
B) Expensing
C) Optimization
D) Depreciation

Question

Quizplus · Accepted Answer

Depreciation is the systematic allocation of the cost of an asset over more than one year. Deferral refers to postponing recognition of an expense or revenue. Expensing refers to recognizing an expense immediately rather than capitalizing it. Optimization refers to improving the efficiency or effectiveness of a process or system.

Which of the Following Is Defined as the Systematic Allocation