The adjustment that is made to allocate the cost of a building over its expected life is called:
A) depreciation expense.
B) residual value.
C) accumulated depreciation.
D) None of the above answers are correct.

Question

Quizplus · Accepted Answer

Depreciation expense is the accounting method used to allocate the cost of a building (or other tangible assets) over its useful life, reflecting the decrease in value over time.

The Adjustment That Is Made to Allocate the Cost of a Building