Describes the purpose of depreciation, Accounting Basics

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Describes the purpose of depreciation

Which of the following describes the purpose of depreciation?

a.To reflect the change in replacement cost of the asset.

b.To measure the change in market value of the asset.

c.To allocate the cost of an asset over its useful life.

d. All of the other answers describe the purpose of depreciation.

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Accounting Basics: Describes the purpose of depreciation

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Accounting Basics: Describes the purpose of depreciation

Reference No:- TGS0510803

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Recent Questions Asked Accounting Basics

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Accounting Basics: Describes the purpose of depreciation

Reference No:- TGS0510803

Recent Questions Asked Accounting Basics

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