In accounting,depreciation is the:
A) method of spreading the cost of an asset over its useful life.
B) decline in market value of an asset.
C) estimation of an asset's current value.
D) sale of an asset.

Question

Quizplus · Accepted Answer

Depreciation is the process of allocating the cost of an asset over its useful life. It is not related to the market value of an asset or its current value, nor does it involve the sale of an asset.

In Accounting,depreciation Is The