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

describe the sensory encoding of both a non-nociceptive thermoceptor and a nociceptive thermoceptor, as the intensity...

Medical Sciences
Q

Describe three different types of modulation used with modems. Please do not copy from internet and...

Physics
Q

A monatomic ideal gas is contanined in a cylinder with a moveable piston. Initially the volume...

Physics
Q

Identify a learning outcome for the training event Equal Employment Opportunity What is one thing you want...

General Management
Q

30 29 Identify the coordinates of the point P 8 4 after a rotation of...

Geometry
Q

Each one was making a line design using either 3 or 4 straws They had...

Geometry
Q

Determine the length of the given side for the congruent quadrilaterals ABCD and A B...

Basic Math
Q

Let P x and Q x be Polynomials Find lim POD if the degree of...

Calculus
Q

Instead of using inequalities to describe domains and ranges we can use interval notation For...

Algebra
Q

Correct a varies directly as b and inversely as the square of c If a...

Algebra
Q

5 6x 18 1 x 1 4x 14x 6

Algebra
Q

Martinez Manufacturing Company has a normal production capacity of 39,000 units per month. Because of...

Accounting