Multiple Choice
Depreciation is the accounting term used to refer to
A) the periodic write-off of the acquisition cost of a tangible long-lived asset with a finite service life.
B) the periodic write-off of the current fair market value of a tangible long-lived asset with a finite service life.
C) the periodic write-off of the acquisition cost of an intangible long-lived asset with a finite service life.
D) the periodic write-off of the current fair market value of a intangible long-lived asset with a finite service life.
E) the periodic write-off of intangible assets.
Correct Answer:
Verified
Correct Answer:
Verified
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