Depreciation allocates the cost of a plant asset to expense over the useful life of the asset.

Name: Depreciation allocates the cost of a plant asset to expense over the useful life of the asset.
Brand: Quizplus
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Quizplus · Accepted Answer

This is because depreciation is the systematic allocation of the cost of an asset to expense over its useful life. This spreads the cost of the asset over its useful life, ensuring that it is recorded as an expense in the periods it generates revenue.

Depreciation Allocates the Cost of a Plant Asset to Expense