Which of the following best describes depreciation?

Question

Options

• AIt is a process of allocating cost of assets between periods.
• BIt is a process of assets valuation.
• CIt is a process of accumulating adequate funds to replace assets.
• DIt is a process of measuring decline in the value of assets because of obsolescence

• A
  77% (23)
• B
  7% (2)
• C
  13% (4)
• D
  3% (1)

Explanation

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