is the allocation of the cost of an asset over the assets useful life. \na. expiration \nb. depreciation…

Brief Explanations:

Depreciation is the systematic allocation of the cost of a tangible asset over its useful life. Expiration refers to the end of validity (e.g., a license). Accrual is about recognizing revenues/expenses when earned/incurred, not asset cost allocation. Deferral is postponing recognition.

Answer:

B. Depreciation