Depreciation Is a Process by Which

question 2

Multiple Choice

Depreciation is a process by which

• A) replacement funds are accumulated for plant and equipment.
• B) the decline in market value of plant and equipment is determined and recorded.
• C) the cost of plant and equipment is allocated to expense over the time periods which benefit from the use of the asset.
• D) the difference between current market value and historical cost of plant and equipment.

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Definitions:

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