Depreciation is a process of
A)determining the asset's fair value.
B)asset valuation.
C)cost allocation.
D)determining the asset's residual value.

Name: Depreciation is a process of A)determining the asset's fair value. B)asset valuation. C)cost allocation. D)determining the asset's residual value.
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Question

Quizplus · Accepted Answer

Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. It is not about determining fair or residual value, nor is it a method of valuing an asset in the market.

Depreciation Is a Process of