Which of the following is not true of depreciation accounting? (a) Depreciation lowers the book value of the asset as it ages and its fair value declines. (b) Depreciation matches expenses against revenues over the periods which benefit from the asset's use. (c) Depreciation is a process of cost allocation. (d) Tangible assets with limited lives are depreciated.
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Home » Business » Which of the following is not true of depreciation accounting? (a) Depreciation lowers the book value of the asset as it ages and its fair value declines.