________ is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.
A) Profit basis
B) Accrual basis
C) Cash basis
D) Depreciation
E) Deferral basis

Question

Quizplus · Accepted Answer

A)Depreciation is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.
B)Depreciation is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.
C)Depreciation is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.
D)Depreciation is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.
E)Depreciation is an accounting procedure for systematically spreading the cost of a tangible asset over its estimated useful life.

________ Is an Accounting Procedure for Systematically Spreading the Cost