Accounting for IGCSE & O level - Accounting Procedures (Section 17 - No. 50)
What is the main objective of calculating depreciation expense?
To increase the value of an asset.
To match the cost of an asset to the revenue it generates.
To show the current market value of an asset.
To defer tax liabilities.
Explanation
Depreciation helps to match the asset's cost with the revenue it generates over its useful life.
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