Questi Which statement about depreciation is false? O A. Obsolescence as well as physical wear and tear should be considered when determining the period over which an asset should be depreciated. OB. Depreciation should not be recorded in years in which the market value of the asset has increased. OC. Depreciation is a process of allocating the cost of an asset to expense over its useful life. OD. A major objective of depreciation accounting is to allocate the cost of using an asset against the revenues it helps to generate