For Accounting Purposes,depreciation Refers to the ________

question 32

Multiple Choice

For accounting purposes,depreciation refers to the ________.

• A)method of allocating the cost of a plant asset to expense it over its useful life
• B)method of declining the market value of an asset to its book value
• C)method of estimating an asset's current market value
• D)process of selling a used asset

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Definitions:

Expense Of Business

Costs incurred in the operation of a business, including costs of goods sold, overhead, payroll, and other operating expenses.