Asked by
Abigail Gilsenan
on Nov 01, 2024
Verified
What is a decline in the value of an asset called?
A) inflation
B) deflation
C) amortization
D) depreciation
Depreciation
A method of allocating the cost of a tangible asset over its useful life.
Amortization
The process of spreading out a loan into a series of fixed payments over time, covering both principal and interest.
- Identify and explain the processes of asset valuation and depreciation.
Verified Answer
CM
Learning Objectives
- Identify and explain the processes of asset valuation and depreciation.