Match the descriptions with their terms:
-Process of allocating the cost of equipment over its service life.
A) Plant assets
B) Depreciation
C) Carrying amount
D) Residual value
E) Straight-line method
F) Units-of-production method
G) Diminishing balance method
H) Amortisation
I) Revenue expenditures
J) Capital expenditures

Question

Quizplus · Accepted Answer

Depreciation is the accounting process of allocating the cost of tangible assets over their useful lives.

Match the Descriptions with Their Terms