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Commerce · Q2729

Accounting

Graduate and Post Graduate · Commerce · question 2729

Q2729

The purpose of depreciation is to:

A.
reduce fixed assets to market value each year
B.
save income tax and wealth tax
C.
reduce fixed assets to nil as soon as possible assets top expense over their working lives
D.
allocate the cost of fixed
Answer

Answer: Option D

Solution

Answer: Option D
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