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

Question

Quizplus · Accepted Answer

Depreciation is the method of allocating the cost of an asset over its useful life for accounting purposes. It does not involve selling the asset, estimating its current value, or reflecting a decline in its market value.

In Accounting,depreciation Is The