Depreciation Is the Process of

question 88

Multiple Choice

Depreciation is the process of

• A) valuing an asset at its fair value.
• B) increasing the value of an asset over its useful life in a rational and systematic manner.
• C) allocating the cost of an asset to expense over its useful life in a rational and systematic manner.
• D) writing down an asset to its real value each accounting period.

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Definitions:

Relative Frequency

Relative frequency is the proportion or ratio of the number of times a value occurs in a dataset to the total number of observations.

Examination Scores

Quantitative measures that represent an individual's level of performance or achievement on a standardized test or examination.

Frequency Distribution

A summary of how often different values occur within a data set, usually presented in table or graph form.

Cumulative Frequency

The total of a frequency and all frequencies so far in a frequency distribution.