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question which of the following statements best describes the process ofaccounting f 4281252

Question

Which of the following statements best describes the process ofaccounting for depreciation?

 

A.

A process that attempts to recognize loss in economic value overa period of time.

 

B.

A process for setting aside cash so funds will be available toreplace the asset.

 

C.

A process for recognizing the cost of an asset that should bematched against revenue earned as a result of using the asset.

 

D.

A process for recognizing all of the cost associated with usingan asset in a revenue generating activity.

 

 

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