Question

The allocation of the cost of a plant asset to expense in the periods in which services are received from the asset.

1 point

Depreciation

Amortization

Depletion

Fluctuation

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Answer 1

Answer:

Depreciation

The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the as set, is termed as Depreciation. Depreciation is any method of allocating such net cost to those periods in which the organization is expected to benefit from use of the asset.

Answer 2

Answer:

Depreciation

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