Depreciation is a process of allocation,not of valuation.

Name: Depreciation is a process of allocation,not of valuation.
Brand: Quizplus
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Quizplus · Accepted Answer

Depreciation is the process of allocating the cost of a tangible asset over its useful life. It is not a process of valuing the asset but rather spreading the cost of the asset over its useful life. Valuation, on the other hand, is the process of determining the worth of an asset at a particular point in time.

Depreciation Is a Process of Allocation,not of Valuation