Question

question 5
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depreciation is;
select one:
a. a liability
b. revenue
c. allocating asset cost over life
d. a cash outflow

Explanation:

Depreciation is an accounting process that spreads the cost of a tangible asset over its useful life, matching expenses to the revenue the asset generates. It is not a liability, revenue, or cash outflow (as it is a non-cash expense). Option c directly defines this core concept.

Answer:

c. Allocating asset cost over life