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What does the term depreciation refer to in accounting? a ) The process of converting non - cash assets into cash. b ) The process
What does the term "depreciation" refer to in accounting?
a The process of converting noncash assets into cash.
b The process of increasing the value of an asset over time.
c The allocation of the cost of a tangible asset over its useful life.
d The calculation of the company's total revenue.
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