The Purpose of Depreciation Is to

question 73

Multiple Choice

The purpose of depreciation is to

• A)Recognize the reduced usefulness of an asset.
• B)Adjust the ledger account balances for assets to equate to their current market value.
• C)Adjust the carrying value of an asset to market value.
• D)Measure the change in an asset's value.
• E)Allocate the asset's cost to the periods benefiting from its use.

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