meaning of 'process of accounting for depreciation'

[Delegat]

Business English Lesson, Advanced Level

ESL/EFL Test #369 "Accounting for Depreciation", question 1

......... Depreciation represents the expense related to the fixed assets still carried on the books of the company; sometimes the term 'reserve for depreciation' is used.

(a) Accumulated
(b) Acquired
(c) Consolidated
(d) Cumulative

Business English Lesson, Advanced Level

ESL/EFL Test #369 "Accounting for Depreciation", answer 1

Accumulated Depreciation represents the expense related to the fixed assets still carried on the books of the company; sometimes the term 'reserve for depreciation' is used.

Correct answer: (a) Accumulated
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process of accounting for depreciation?

Delegat

[Marj]

the process of depreciation is quite simple, you just get the total cost of the asset (cost+shipping+improvements) subtract any scrap value )if any) then divide it over the predetermined life span of the asset.