Match the terms with the definitions.
-A method of matching an asset's original cost against the revenues produced over its useful life.
A)Adjusted Trial Balance columns
B)Adjusting entries
C)Balance Sheet columns
D)book value
E)contra-asset
F)depreciable cost
G)depreciation
H)fiscal year
I)historical cost principle
J)Income Statement columns
K)market value
L)matching principle
M)plant assets
N)salvage value
O)straight-line method
P)undepreciated cost
Q)useful life
R)work sheet

Question

Quizplus · Accepted Answer

Depreciation is the process of allocating the cost of an asset over its useful life, which matches the asset's cost against the revenues it generates.

Match the Terms with the Definitions