Depreciation is a process of

Name: Depreciation is a process of
Brand: Quizplus
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Quizplus · Accepted Answer

Depreciation is the process of systematically allocating the cost of an asset over its useful life. It is a method of cost allocation, not asset valuation. While depreciation can result in asset devaluation, this is not the primary purpose or definition of depreciation. Cost accumulation is the process of collecting and recording costs incurred during a period, not a method of cost allocation.

Depreciation Is a Process of