The allocation of the cost of a tangible plant asset to expense in the periods in which services are...........

Accountancy (Phase -I & II) Accounting standards

The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as

Appreciation

Depreciation

Fluctuation

None of the above

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Explanation:

The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the as set, is termed as Depreciation. Depreciation is any method of allocating such net cost to those periods in which the organization is expected to benefit from use of the asset. The asset is referred to as a depreciable asset.