Question

Depreciation: Is the process of allocating to expense the cost of a plant asset. Measures the decline in market value of an asset. Measures physical deterioration of an asset. Is applied to land.

Answer 1

A. Is the process of allocating to expense the cost of a plant asset.

Step-by-step explanation:

Depreciation can be defined as a process in which the monetary or financial value with respect to an asset decrease or falls over time as a result of wear and tear.

Depreciation is the process of allocating to expense the cost of a plant asset.