depreciation: multiple choice measures the decline in market value of an asset measures physical…

depreciation: multiple choice measures the decline in market value of an asset measures physical deterioration of an asset is the process of allocating the cost of a plant asset to expense while it is in use. is an outflow of cash from the use of a plant asset is applied to land.

depreciation: multiple choice measures the decline in market value of an asset measures physical deterioration of an asset is the process of allocating the cost of a plant asset to expense while it is in use. is an outflow of cash from the use of a plant asset is applied to land.

Answer

Brief Explanations:

Depreciation is an accounting concept that allocates the cost of a plant - asset (like buildings, machinery) to the periods in which it is used as an expense. It is not about market - value decline, physical deterioration only, or a cash outflow directly. Land is not depreciated as it has an unlimited useful life.

Answer:

Is the process of allocating the cost of a plant asset to expense while it is in use.