Question 2 (5 points) Listen Depreciation is the practice of allocating the cost of assets to a number of years. Companies do this by expensing the full purchase price in the year of purchase. The assets that the company depreciates are reported on the balance sheet at cost plus accumulated depreciation. The accumulated depreciation account shows only the amount of depreciation that the company has expensed in the reporting period. O A) True B) False: Companies do this by systematically assigning a portion of an asset's cost as an expense each year. C) False. The assets that the company depreciates are reported on the balance sheet at cost less accumulated depreciation. D) False. The accumulated depreciation account shows the total amount of depreciation that the company has expensed thus far in the asset's life. la tv