Depreciation is a process of cost allocation, not valuation. Explain this statement.

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jul 02, 2013 06:05 AM

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Depreciation is a process of cost allocation, not valuation. Explain this statement.

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The term depreciation often is confused with a decline in value or worth of an ...View the full answer

Intermediate Accounting

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