Accounting for IGCSE & O level - Accounting Procedures (Section 27 - No. 48)
Which of the following is *not* a reason to depreciate an asset?
To allocate the cost of an asset over its useful life.
To recognize the decline in the asset’s value over time.
To ensure the asset is reflected at its current market value.
To comply with accounting standards.
Explanation
Depreciation does not reflect current market value.
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