Question

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

Answer 1

Answer:

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.