Register
The process of allocating the cost of an asset to expense over the useful life of the asset is called.
66.2k views
1 vote
The process of allocating the cost of an asset to expense over the useful life of the asset is called.

User Victor Company
by
4.2k points

1 Answer

12 votes

Answer:

Depreciation

Step-by-step explanation:

Depreciation is the process of allocating the cost of an asset over the course of its useful life in order to align its expenses with revenue generation.

[RevyBreeze]

User JBeFat
by
4.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.8m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Everyone has a unique spending plan. Which of the following factors has the greatest effect on a person's spending decisions?
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
If Morgan worked 15 hours last week and is paid $10 per hour the amount of money she makes before taxes and other expenses are taken out is called: A. Net revenue B Net pay C Gross revenue D Gross pay
0.71 points eBookPrintReferences Check my work Check My Work button is now enabledItem 2Item 2 0.71 points Kerianne paints landscapes, and in late 2021 placed four paintings with a retail price of $300
Link Copied!