The process of distributing the cost of an asset over its life is known as ________.
A) prepaid expenses
B) subtracting methods
C) depreciation
D) licensing

Question

Quizplus · Accepted Answer

The process of distributing the cost of an asset over its life is known as depreciation. Prepaid expenses refers to expenses paid in advance, subtracting methods is not a common accounting concept, and licensing refers to obtaining permission to use a certain product or service.

The Process of Distributing the Cost of an Asset Over