Which One of the Following Statements Is Not True Regarding

question 91

Multiple Choice

Which one of the following statements is not true regarding depreciation?

• A)It is a systematic, rational method of allocating the cost of an asset over its useful life.
• B)It attempts to match the costs of acquiring an asset to the benefits to be derived from the asset.
• C)It does not attempt to measure the value of the asset.
• D)It provides funds for the replacement of the asset through tax savings over the asset's life.

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