No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Allocation
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Sale value
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
All of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is C Allocation The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as Depreciation. Depreciation is any method of allocating such net cost to those periods in which the organization is expected to benefit from the use of the asset.