In what country would you dance The Sirtaki?

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
C. Decrease in market value of the asset
D. Valuation of an asset at a point of time

Trial balance is commonly prepared?

A. Frequently during the year
B. At the end of an accounting period
C. At the end of a month
D. At the end of a year