Answered

Which describes the process by which assets or equipment decrease in value
as an employer pays off the loan used to purchase the equipment?
A. Cost deduction
B. Assets decrease
C. Depreciation
D. Deduction

Answer :

littlexwing2005

Answer:

C.

Step-by-step explanation:

Depreciation

akposevictor

The process of a decrease in value of equipments and asset when loan used to purchase them is paid off is called: C. depreciation.

What is Depreciation?

Depreciation can be defined as the decrease in value of an asset over its useful life span.

Also, depreciation could be imply the method that is used in "writing down" the cost of a tangible asset over the period of time it is being used actively.

Long-terms or equipment are being depreciated by business for both accounting and tax purposes.

Therefore, the process where assets or equipment decrease in value is called: C. depreciation.

Learn more about depreciation on:

https://brainly.com/question/25297296

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