Company or business assets are different from financial in that they are _____, which is a method of matching the useful life to the revenues generated. The term that correctly fills in the blank above is:

Question

Quizplus · Accepted Answer

Depreciable assets are those that lose value over time and can have their cost spread out over their useful life, aligning with the concept of matching the asset's useful life to the revenues it generates. This is a fundamental principle in accounting for tangible assets like machinery, buildings, and equipment.

Company or Business Assets Are Different from Financial in That