Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 31)
What is the best way to define depreciation?
The increase in an asset's value over time.
The allocation of the cost of a long-term asset over its useful life.
The process of repairing an asset.
The sale of an asset.
Explanation
Depreciation is the allocation of an asset's cost over its useful life.
Comments (0)
