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

Question

Business

Axel Clark

11 January, 07:21

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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Answers (1)

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Dania Zamora · Answer 1

The answer is c. allocating the cost of an asset to expense over its useful life in a rational and systematic manner.

Explanation:

Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy.