Allocating and recording the cost of using property, plant & equipment over their useful lives is called
A) allocation expense.
B) depreciation expense.
C) a general expense.
D) amortization expense.

Name: Allocating and recording the cost of using property, plant & equipment over their useful lives is called A) allocation expense. B) depreciation expense. C) a general expense. D) amortization expense.
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Question

Quizplus · Accepted Answer

Depreciation expense is the process of allocating the cost of an asset over its useful life.

Allocating and Recording the Cost of Using Property, Plant