Which of the following terms describes the provision made for the loss in the value of an asset that has a legal life span?
A. capitalization
B. depreciation
C. depletion
D. amortization
Correct Answer: Option B
B. depreciation
Which of the following terms describes the provision made for the loss in the value of an asset that has a legal life span?
A. capitalization
B. depreciation
C. depletion
D. amortization
Correct Answer: Option B
B. depreciation
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