The depreciation process attempts to match the:
A) salvage value of the asset and the future market value of the asset.
B) book value and the current market value of the asset.
C) cost of the asset and the cash required to replace the asset.
D) revenues earned by the asset and the cost of the asset.

Question

Quizplus · Accepted Answer

Depreciation is an accounting method that allocates the cost of a tangible asset over its useful life, matching the expense of using the asset with the revenue it generates.

The Depreciation Process Attempts to Match The