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What is the purpose of preparing a depreciation... - SS1 Accounting Depreciation Account: Diminishing or Reducing Balance Method: Meaning, Formula, And Preparation Question

What is the purpose of preparing a depreciation schedule using the reducing balance method?

A

To calculate the cost of the asset

B

To determine the useful life of the asset

C

To allocate the cost of the asset over its useful life

D

To calculate the salvage value of the asset

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Correct Option: C
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