What Is the Major Purpose of Depreciation

question 41

Multiple Choice

What is the major purpose of depreciation?

• A)to provide for the replacement of the asset.
• B)to spread the cost of the asset over its useful life, so that the cost of using it up is matched against income earned.
• C)to adjust the asset to its expected market value.
• D)none of the above.

---

Definitions:

Hospitality Experience

Refers to the quality of service and atmosphere that businesses in the hospitality industry provide to guests, aiming for a positive and memorable stay or visit.

In-House Training

Training programs conducted within the organization by its own staff or resources to upgrade the skills and knowledge of its employees.

Ethics Contract

A formal agreement that outlines expected behaviors and ethical standards within a professional context.

Ethical Conduct

The practice of acting in ways that are consistent with principles of moral and ethical behavior within a professional or personal context.