Which statement about depreciation is false?

a. Depreciation should not be recorded in years that the market value of the asset has increased.

b. Depreciation is a process of allocating the cost of an asset to expense over its useful life.

c. A major objective of depreciation accounting is to match the cost of using an asset with the revenues it helps to generate.

d. Obsolescence as well as physical wear and tear should be considered when deter mining the period over which an asset should be depreciated.