The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is_________?

(A) Depreciation ()
(B) Physical deterioration of the asset (X)
(C) Decrease in market value of the asset (X)
(D) Valuation of an asset at a point of time (X)

Answers: The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is Depreciation.