HELLO , SOMEONE CAN YOU PLEASE HELP ME ?

Which of the following statements is not correct?

A.Amortization accounting is a process of valuation, not of allocation.

B.At acquisition, tangible, capital assets are recorded at cost on the basis of the cost principle.

C.Subsequent to acquisition, tangible capital assets that have a limited life are reported at the cost recognized at acquisition less accumulated allocations of such cost.

D.Periodic allocations of acquisition cost, made on a systematic and rational basis, are recognized as current expense in conformity with the matching principle.