Depreciation of a plant asset is the process of ________. A. Asset valuation for statement of financial

Question:

Depreciation of a plant asset is the process of ________.
A. Asset valuation for statement of financial position purposes
B. Allocation of the asset’s cost to the periods of use
C. Fund accumulation for the replacement of the asset
D. Asset valuation based on current replacement cost data

Fantastic news! We've Found the answer you've been seeking!