Which of the Following Statements Best Describes the Process of Accounting

Which of the following statements best describes the process of accounting for depreciation?

A) A process that attempts to recognize loss in economic value over a period of time.
B) A process for setting aside cash so funds will be available to replace the asset.
C) A process for recognizing the cost of an asset that should be matched against revenue earned as a result of using the asset.
D) A process for recognizing all of the cost associated with using an asset in a revenue generating activity.