Depreciation of Noncurrent Operating Assets Is an Accounting Process for the Purpose

Multiple Choice

Depreciation of noncurrent operating assets is an accounting process for the purpose of

A) reporting declining asset values on the balance sheet.
B) allocating asset costs over the periods benefited by use of the assets.
C) accounting for costs to reflect the change in general price levels.
D) setting aside funds to replace assets when their economic usefulness expires.