Which Term Refers to the Allocation of the Cost of an Asset

question 94

Multiple Choice

Which term refers to the allocation of the cost of an asset over the asset's useful life?

• A)Accrual
• B)Depreciation
• C)Expiration
• D)Deferral

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Definitions:

Article 3

This term could refer to different documents or laws depending on context, such as a specific article in a constitution, treaty, or law code, thus requires specification for an accurate definition.

Trust

A fiduciary arrangement whereby one party, known as a trustee, holds assets for the benefit of another party or parties, known as beneficiaries.

Condition

A specific requirement within a contract that must be fulfilled for the contract to be completed or valid.

Negotiated

describes the process of discussing and arriving at a mutual agreement between parties, often relating to contracts or financial instruments.