Which of the following is NOT true about accumulated depreciation?
A) Accountants try to allocate the asset's cost over its useful life.
B) It captures the wear and tear of an intangible asset
C) The matching principle allows depreciation costs to be expensed against the period in which the company benefited from the use of the asset.
D) Tangible assets with unlimited life are not depreciated.
Correct Answer:
Verified
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