In accounting, depreciation is the:
A)sale of an asset.
B)decline in market value of an asset.
C)method of spreading the cost of an asset over its useful life.
D)estimation of an asset's current value.

Question

Quizplus · Accepted Answer

Depreciation is an accounting method used to allocate the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

In Accounting, Depreciation Is The