In Accounting,depreciation Is The

question 152

Multiple Choice

In accounting,depreciation is the:

• A) method of spreading the cost of an asset over its useful life.
• B) decline in market value of an asset.
• C) estimation of an asset's current value.
• D) sale of an asset.

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Definitions:

Preceding Claim

A claim or legal demand made or recognized before another in time.

Without Recourse

A term indicating that the holder of a financial instrument cannot demand payment from the original issuer in case of default.

Endorse

To give support or public approval to someone or something, often used in the context of endorsing products, services, or candidates.

Negotiable Instruments

Written documents guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee's name written on the document.