Challenger App

No.1 PSC Learning App

1M+ Downloads
Reduction in the book value of an asset over a period of time is called -----.

AAmortization

BDepletion

CDepreciation

DWrite-down

Answer:

C. Depreciation

Read Explanation:

.


Related Questions:

The process of bringing together items of similar nature is called:
Which invention in 1878 greatly aided Danish dairy co-operatives?
In consignment accounting, if discount is treated as "Consignment expenses" It is debited to ---.
Suppliers and creditors typically use accounting information to determine:
One major disadvantage of the Single Entry System is: