12. Which of the following statements is true regarding depreciation? a. It is recorded weekly b. It is calculated by the department that is responsible for the asset c. It allocates the cost of the asset over it useful life d. It results in book value approximating fair market value 13. Which of the following documents records the total amount of time that workers spend on each production job? a. Labor distribution form b. Personnel action form c. Time card d. Job ticket 14. Which of the following is the most important to separate? a. Inventory control from warehouse b. Stores from warehouse c. Accounts payable and accounts receivable d. Purchasing from accounts receivable