Which of the Following Statements Regarding Depreciation Is Incorrect

question 2

Multiple Choice

Which of the following statements regarding depreciation is incorrect?

• A) Depreciation is an allocation of the cost of the asset over its useful life.
• B) The depreciation method used should best reflect the pattern of usage of the asset over its useful life.
• C) Depreciation is a measure of the asset's change in value.
• D) Depreciation is a systematic allocation of the cost of the asset over its useful life.

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