Depreciation is the process of:
A)valuing an asset at its fair value.
B)increasing the value of an asset over the periods in which it is used.
C)allocating the cost of an asset to the periods in which it is used.
D)writing down an asset to its real value each accounting period.

Question

Quizplus · Accepted Answer

Depreciation is the accounting process of allocating the cost of a tangible asset over its useful life to the periods in which it is used, reflecting the asset's consumption and wear over time.

Depreciation Is the Process Of