Question: Depreciation is a . a decrease in the fair market value of an asset. b . an expense that is incurred during an accounting period.

Depreciation is
a. a decrease in the fair market value of an asset.
b. an expense that is incurred during an accounting period.
c. a method of saving cash to replace plant assets.
d. added to the cost of equipment on the balance sheet.
e. shown on the balance sheet as a liability

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