the term _____ is used to indicate the process of allocating a prepaid expense to accounting periods during which there are benefits realized from the depreciable equipment.

Question

Quizplus · Accepted Answer

Cost depreciation is the process of allocating the cost of a tangible asset over its useful life, which includes allocating prepaid expenses for depreciable equipment to the periods benefiting from its use.

The Term _____ Is Used to Indicate the Process of Allocating