_____ is an arbitrary,but regular and systematic,method used to take asset value as an expense for the purpose of calculating net income or loss.
A) Inventory valuation
B) Capital budgeting
C) Benchmarking
D) Depreciation

Question

Quizplus · Accepted Answer

Depreciation is the systematic allocation of the cost of an asset over its useful life. It is an accounting method used to recognize the reduction in value of a tangible asset such as property, plant, and equipment. This reduction in value is considered an expense and is subtracted from the revenue generated by the asset to arrive at the net income or loss.

_____ Is an Arbitrary,but Regular and Systematic,method Used to Take