Depreciation is a process of allocation and not valuation. What do you think is meant by this

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‘Depreciation is a process of allocation and not valuation.’ What do you think is meant by this statement?

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Financial Accounting for Decision Makers

ISBN: 978-0273763451

6th Edition

Authors: Peter Atrill, Eddie McLaney

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Question Posted: Sep 18, 2018 01:29 PM

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Depreciation is a process of allocation and not valuation. What do you think is meant by this

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Depreciation attempts to allocate the cost or fair value less any residual value ...View the full answer

Financial Accounting for Decision Makers

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