Question on: SS1 Accounting - Provision For Depreciation On Fixed Assets: Meaning And Calculation of Depreciation
What is the purpose of recording depreciation expense?
View related lesson
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
Ask EduPadi AI for a detailed answer
Correct Option: C
Add your answer
Please share this, thanks!
No responses