Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. why is depreciation-a method of cost allocation ra

Why is depreciation-A method of cost allocation rather than amatter of valuation?Why is depreciation-A...

50.1K

Verified Solution

Question

Accounting

Why is depreciation-A method of cost allocation rather than amatter of valuation?

Answer & Explanation Solved by verified expert
3.6 Ratings (653 Votes)
Answer Depreciation involves a systematic and rational allocation of cost rather than a process of valuation Capital resources are purchased for use by an association over some stretch of time The obtainment cost is to be conveyed over the    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

In: AccountingWhy is depreciation-A method of cost allocation rather than amatter of valuation?Why is depreciation-A method of cost allocation rather than amatter of valuation?

Other questions asked by students

Q

How could electrical measurements (including equipotential lines) locate underground anomalies such as a cave, an ore...

Physics
Q

Briefly describe the aims of the Surrealists, as defined by Breton in the first “Surrealist Manifesto.”...

Psychology
Q

Human impact: Title, explanation of at least 2 ways humans are negatively impacting it

Biology
Q

The valence of oxygen is 3 O True O False

Biology
Q

Carlie's stock rose by 1 points in trading today. Let Y represent yesterday's stock price...

Basic Math
Q

Find the remaining sides and angles of the triangle ABC with right angle at C...

Calculus
Q

36 Which statement best explains why there are two real solutions to the quadratic equation...

Algebra
Q

The mode of the grades is 80 O The range of the grades is 15...

Algebra
Q

classify the Pillars & Conditions of shariah contracts.

Accounting
Q

Identifying and Recording Impairment Loss on Equipment Bolt Company purchased equipment on January 1...

Accounting
Q

A fixed asset priced at $100,000 is acquired by trading in a similar asset that...

Accounting
Q

NOTE: Avoid plagiarism, the work should be in your own words. Explain the...

Accounting