________ is the process of "expiring" the cost of a long-term tangible asset over its useful life.
A)Expiration
B)Depreciation
C)Economic recovery
D)Salvaging

Question

Quizplus · Accepted Answer

Depreciation is the process of spreading out the cost of a long-term tangible asset over its useful life. This is typically done to reflect the asset's decreasing value over time due to wear and tear, obsolescence, or other factors. Depreciation can be calculated using several different methods, including straight-line depreciation, declining balance depreciation, and units of production depreciation.

________ Is the Process of "Expiring" the Cost of a Long-Term