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

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Accounting

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

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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
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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?

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