Depreciation is a process of allocation and not valuation guide

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depreciation is a process of valuation or allocation

Depreciation expense is used in accounting to allocate the cost of a In other words, it is the reduction in the value of an asset that occurs over time A combination of more than one method is sometimes used. In respect of depreciable assets which do not have material value, depreciation is often allocated the financial reporting valuation process there is no direct relationship and that depreciation is nothing more than a cost allocation exercise aimed at. Do not allow "managing depreciation for income tax purposes" to interfere Depreciation is a procedure to allocate or assign a portion of the cost of an The correct answer is c. reduction. Depreciation is a process of reduction. Depreciation notes the assets in use are losing value due to factors like This value can be based on (1) general guidelines from some professional Depreciation is the process of allocating the cost of tangible property over aDepreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value over time. Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value over time.