Depreciation, depletion, and amortization all involve the allocation of the cost of a long-lived asset to expense.

Name: Depreciation, depletion, and amortization all involve the allocation of the cost of a long-lived asset to expense.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

Depreciation, depletion, and amortization are all methods used to match the cost of a long-lived asset with the revenue it generates over its useful life. They involve allocating the cost of the asset to expense over time, rather than all at once.

Depreciation, Depletion, and Amortization All Involve the Allocation of the Cost