Posted: January 7th, 2016

As generally used in accounting, what is depreciation?

The consignor retains title to the transferred merchandise even though the goods are possessed by

the sales agent.

2.   As generally used in accounting, what is depreciation?

A. It is a process of asset valuation for balance sheet purposes.

B. It is a costing process for intangible assets.

C. It is used to indicate a decline in market value of a long-lived asset.

D. It is an allocation of cost to accounting periods.

E. None of these