16. Depr.reciation of long-term assets may be described best as the: Cash payments made during the period on loans used to finance the purchase of assets such as buildings and equipment, Cash being set aside each period to provide for the replacement of long-lived assets, such as buildings and equipment Decline in the market value of an asset during the period. Systematic allocation of the cost of long-lived assets to expense. None of the above. Use the following data for the next 4 questions: Shown below is an adjusted trial balance for Saudra Company on December 31, 2011: Saudra Company Adjusted Trial Balance December 31, 2011 $2,200 2,100 3,000 Cash Accounts Receivable Office Equipment Accounts Payable Depreciation Expense Office Supplies Expense S 500 200 400