Depreciation, Depletion, and Amortization

question 132

Multiple Choice

Depreciation, depletion, and amortization:

• A) All refer to the process of allocating the cost of long-term assets used in the business over future periods.
• B) All generally use the same methods of cost allocation.
• C) Are all handled the same in arriving at taxable income.
• D) All of these answer choices are correct.

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