When an accountant allocates the cost of a piece of equipment over a period of time,this is called
A) discounting.
B) appreciation.
C) cost plus.
D) expense designation.
E) depreciation.

Question

Quizplus · Accepted Answer

Depreciation is the process of spreading the costs of long-lived assets such as buildings and equipment over the total number of accounting periods in which they are expected to be used.

When an Accountant Allocates the Cost of a Piece of Equipment