Which of the following expenses is most closely associated with tangible long-lived assets?

Question

Quizplus · Accepted Answer

Depreciation is the expense associated with tangible long-lived assets. It represents the systematic allocation of the cost of a long-lived asset over its useful life. Accumulation refers to the act of collecting something, interest is the cost of borrowing money, and depletion is the expense associated with natural resources.

Which of the Following Expenses Is Most Closely Associated with Tangible