Which of the following is a not a true statement about depreciation a It is the allocation of cost of a plant and equipment asset over the time it is expected to be used b It is calculated using useful life of the asset c It is calculated using original cost of the asset d It represents a decrease in market value over its useful life

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Which of the following is a not a true statement about depreciation? a. It is the allocation of cost of a plant and equipment asset

Which of the following is a not a true statement about depreciation?

It is the allocation of cost of a plant and equipment asset over the time it is expected to be used

It is calculated using useful life of the asset

It is calculated using original cost of the asset

It represents a decrease in market value over its useful life

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