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    Accounting Study Set 4
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    Exam 10: Long-Term Assets: Fixed and Intangible
  5. Question
    The Process of Transferring the Cost of an Asset to an Expense
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The Process of Transferring the Cost of an Asset to an Expense

Question 121

Question 121

Multiple Choice

The process of transferring the cost of an asset to an expense account is called all of the following except


A) depletion
B) allocation
C) amortization
D) depreciation

Correct Answer:

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