Termination is the process of “expiring” the cost of a long-term tangi

Termination is the process of “expiring” the cost of a long-term tangible asset over its useful life.

Indicate whether the statement is true or false.

 

 

ANSWER

Answer: FALSE
Explanation: Depreciation is the process of “expiring” the cost of a long-term tangible asset over its useful life.

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