The allocation of the cost of an asset over its estimated useful life best describes the nature of:

Name: The allocation of the cost of an asset over its estimated useful life best describes the nature of:
Brand: Quizplus
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Quizplus · Accepted Answer

The allocation of the cost of an asset over its estimated useful life is commonly known as depreciation. This process of spreading the cost of an asset over its useful life helps to accurately match the cost of the asset with the revenue it generates.

The Allocation of the Cost of an Asset Over Its