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Which of the following statements is true regarding depreciation? Select one: a. Depreciation is a process of cost allocation, not asset valuation. b. The book
Which of the following statements is true regarding depreciation?
Select one:
a. Depreciation is a process of cost allocation, not asset valuation.
b. The book value of a plant asset should approximate its market value.
c. Depreciation does not provide for the proper matching of expenses with revenues.
d. Both book value and market value of a plant asset are needed to estimate the depreciation expense.
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