What correctly describes the nature of depreciation, Accounting Basics

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What correctly describes the nature of depreciation

Question: Which of the following correctly describes the nature of depreciation? Multiple Choice Depreciation represents the allocation of the cost of property, plant, and equipment over its service life. Depreciation represents the allocation of the cost of an intangible asset over its service life. Depreciation represents the valuation of an intangible asset over its service life. Depreciation represents the valuation of property, plant, and equipment over its service life.

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Accounting Basics: What correctly describes the nature of depreciation

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Accounting Basics: What correctly describes the nature of depreciation

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