Periodic depreciation for accounting purposes is the decrease in a plant asset's market value from the beginning of the period to the end of the period.

Name: Periodic depreciation for accounting purposes is the decrease in a plant asset's market value from the beginning of the period to the end of the period.
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Question

Quizplus · Accepted Answer

Periodic depreciation for accounting purposes refers to the allocation of a plant asset's cost over its useful life, not the decrease in its market value.

Periodic Depreciation for Accounting Purposes Is the Decrease in a Plant