Multiple Choice
Which of the following statements is correct?
A) Depreciation allocates the cost of tangible assets over their useful lives.
B) Depreciation allocates the cost of intangible assets over their useful lives.
C) Amortization allocates the cost of tangible assets over their useful lives.
D) The term "depreciation" relates to all long-lived assets whereas "amortization" relates only to intangible assets.
Correct Answer:
Verified
Correct Answer:
Verified
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