A major purpose of using an Allowance for Impairment is to recognize uncollectible accounts expense in the same accounting period as the related sales which caused the expense.

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The use of an Allowance for Impairment allows for the recognition of uncollectible accounts expense in the same accounting period as the related sales, thereby matching expenses with revenues and ensuring the accuracy of financial statements.

A Major Purpose of Using an Allowance for Impairment Is