The process of allocating the cost of a plant asset to expense over its life is:

Name: The process of allocating the cost of a plant asset to expense over its life is:
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The process described is depreciation, which is the allocation of the cost of a plant asset over its useful life. Amortization is used to allocate the cost of intangible assets, depletion is used to allocate the cost of natural resources, and matching is the concept of associating expenses with the revenues they generate.

The Process of Allocating the Cost of a Plant Asset