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
correct option: c
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