The process of apportioning the cost of a fixed asset over the period during which it will be used is known as depreciation.

Name: The process of apportioning the cost of a fixed asset over the period during which it will be used is known as depreciation.
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Quizplus · Accepted Answer

This statement is true. Depreciation is the process of allocating the cost of a fixed asset over its useful life. This helps to accurately match the cost of the asset with the revenues generated by its use over time.

The Process of Apportioning the Cost of a Fixed Asset