Match the following terms with the appropriate definition.
-A method that allocates equal amounts of an asset's cost (less any salvage value)to depreciation expense during its useful life.
A)Accrued revenues
B)Expense recognition (matching) principle
C)Cash basis accounting
D)Depreciation
E)Accrual basis accounting
F)Interim financial statements
G)Straight-line depreciation
H)Time period assumption
I)Fiscal year

Question

Quizplus · Accepted Answer

Straight-line depreciation is the method that spreads the cost of an asset evenly over its useful life, which matches the definition provided.

Match the Following Terms with the Appropriate Definition