The process of allocating the cost of buildings,vehicles,and equipment to the accounting periods in which they are used.is called:

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This process is called depreciation, which involves allocating the cost of long-term assets over their useful lives to reflect their ongoing loss in value due to wear and tear, obsolescence, and other factors. Accumulated allocation and unearned revenue are not recognized accounting terms, and prepaid expenses refer to expenses paid for in advance of their use, not the allocation of fixed asset costs.

The Process of Allocating the Cost of Buildings,vehicles,and Equipment to the Accounting