Depreciation is: Select one: Oa. The process of allocating the cost of an asset to expense over its useful life. Ob. The process of allocating the amount of unearned revenue to revenue as it is earned. O c. The process of increasing the value of an asset as it is used. O d. None of the above. Financial statements are generally prepared from the? Select one: Oa. Posting Journal. O b. Adjusted Trial Balance. O c. General Journal. d. Adjusted General Journal. On December 1st, Boone Corporation paid $9,000 for a two year insurance policy. Coverage under this policy begins on December 1st. At year end, the Prepaid Insurance account shows a balance of $9,000. What is the adjusting journal entry required at year end? Select one: O a. Dr.Insurance Expense $750. Cr.Prepaid Insurance $750 O b. Dr.Prepaid Insurance $9,000. Cr.Insurance Expense $9,000 c. Dr.Insurance Expense $375. Cr.Prepaid Insurance $375. Od. Dr.Insurance Expense $9,000. Cr.Prepaid Insurance $9,000.