What is the purpose of recording depreciation e... - SS1 Accounting Provision For Depreciation On Fixed Assets: Meaning And Calculation of Depreciation Question
What is the purpose of recording depreciation expense?
A
To increase the value of the fixed asset
B
To decrease the value of the fixed asset
C
To accurately reflect the cost of the asset over its useful life
D
To calculate the total cost of the asset
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Correct Option: C
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