Depreciation of a Long-Lived Asset Is the Process of

Multiple Choice

Depreciation of a long-lived asset is the process of

A) valuing a long-lived asset at its fair value.
B) increasing the cost of a long-lived asset over the periods the asset benefits.
C) allocating the cost of a long-lived asset to an expense over the periods the asset provides a benefit to the entity.
D) writing down a long-lived asset to its real value each accounting period.