Writing down the value of a capital asset,reported as an expense,is called:
A) downgrading.
B) depreciation.
C) documentation.
D) reduction.

Question

Quizplus · Accepted Answer

Writing down the value of a capital asset, reported as an expense, is known as depreciation. It is an accounting method that allocates the cost of a tangible asset over its useful life, and it is not the same as downgrading (A), documentation (C), or reduction (D).

Writing Down the Value of a Capital Asset,reported as an Expense,is