The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is

Physical deterioration of the asset

Decrease in market value of the asset

Valuation of an asset at a point of time

The accounting process of gradually converting the unexpired cost of f

1.	The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is
A.	Depreciation
B.	Physical deterioration of the asset
C.	Decrease in market value of the asset
D.	Valuation of an asset at a point of time
Answer» B. Physical deterioration of the asset