The process of allocating the cost of an asset to expense over the useful life of the asset is called.

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asked Aug 7, 2023 66.2k views

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JBeFat · Answer 1 · 2023-08-12T16:23:41+0000

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]

The process of allocating the cost of an asset to expense over the useful life of the asset is called.

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