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

Question

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Physical deterioration of the asset

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Depreciation

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Decrease in market value of the asset

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Valuation of an asset at a point of time

1.	The accounting process of gradually converting the unexpired cost of fixed assets into expenses overa 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

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