Accounting · Depreciation
Depreciation is essentially a process of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Reduction in the physical efficiency of the asset due to wear and tear.
- 2Allocation of the asset's cost over its estimated useful life.✓
- 3Reservation of funds for replacement of the asset.
- 4Valuation of an asset to determine its current market price.
Correct answer
Allocation of the asset's cost over its estimated useful life.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Depreciation MCQs →Want more practice questions on Depreciation?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Depreciation