The term used to recognize expense for property, plant, and equipment is Blank______.Multiple choice question.depletionamortizationdepreciation
Question
Solution 1
The term used to recognize the expense for property, plant, and equipment is depreciation.
Explanation:
- Definition of Depreciation: Depreciation is an accounting method used to allocate the cost of tangible fixed assets over their useful lives. This concept helps in reflecting an as Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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