Depreciation, depletion, and amortization:
A)All refer to the process of allocating the cost of operational assets over future periods.
B)All generally utilize the same methods of cost allocation.
C)Are all handled the same in arriving at taxable income.
D)All of these are correct.

Question

Quizplus · Accepted Answer

Depreciation, depletion, and amortization all refer to the process of allocating the cost of operational assets over future periods. However, they do not necessarily utilize the same methods of cost allocation, and they may be handled differently in arriving at taxable income.

Depreciation, Depletion, and Amortization