Accounting for IGCSE & O level - Accounting Procedures (Section 3 - No. 16)
What is the primary goal of depreciation?
To determine the asset's current market value.
To match the cost of an asset to the revenue it generates over its useful life.
To reduce the company's tax liability.
To increase the asset's book value.
Explanation
The primary goal of depreciation is to match the cost of an asset to its revenue.
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